SBA rule amends eligibility for small business research funds to include contractors with outside investors
The Small Business Administration (SBA) announced a rule recently that will amend its regulations to allow contractors with outside investors to “tap research funds set aside for small businesses,” Dayton Business Journal reports. Small businesses that are “majority-owned by multiple venture capital operating companies, private equity firms or hedge funds” can now participate in the Small Business Technology Transfer Act (STTR) and the Small Business Innovation Research (SBIR) programs, according to a summary of the rule. For more, read the full story and the final rule.
