Small Business Innovation Programs Extension
Official: SBIR/STTR Pilot Extension Act
IntroducedJune 9, 2025
Why This Matters
This bill extends and expands several programs that help small businesses get funding for research and development projects. It aims to support innovation and growth in the small business sector.
If you own a small business, you could have more opportunities to receive funding for innovative projects.
Affects: Small business owners and entrepreneurs seeking funding for new ideas and technologies.
What changes is this bill making?
1. This bill extends funding for small business innovation programs until 2030. 2. It allows federal agencies to provide more financial support to small businesses. 3. The bill increases the amount of funding available for certain programs. 4. It updates the names of some programs to reflect their current focus. 5. It requires federal agencies to report on the awards given to small businesses.
Who is affected?
Small business owners and entrepreneurs seeking funding for new ideas and technologies.