Hickenlooper Cheers Passage of Funding Extension for Pivotal Small Business Research Programs – by Ark Valley Voice Staff

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Programs fund innovative research and development in small businesses, including in Colorado

This week, US Senator John Hickenlooper applauded the Senate’s unanimous passage of a new three-year authorization of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.

John Hickenlooper. Image courtesy of his Twitter feed

These programs help small businesses engage in research and development with the ultimate goal of commercialization. SBIR and STTR allow small businesses to explore their technological potential, facilitate technology transfers between research institutes and small businesses, and help keep the United States competitive globally.

“Small businesses are at the heart of American innovation,” Hickenlooper said. “Programs like these help small businesses in Colorado bring their innovations to market and make us a leader in everything from aerospace to clean energy.

In January, Hickenlooper announced that seven Colorado small businesses would receive $2 million in funding from the SBIR and STTR programs for climate technologies and innovation. In 2019 alone, Colorado received 332 SBIR and STTR awards worth $165 million, the fifth-highest amount of any state.

For more information on the SBIR and STTR programs, follow this link.

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