Posts Tagged Bayh-Dole
In 1982, the Small Business Innovative Research (SBIR) grant program was launched. Since then, small technology companies have received more than $26 billion to develop and commercialize new technologies. The SBIR program is designed to spur technological innovation, satisfy Federal R&D needs, and increase commercialization of technologies derived from Federal R&D. Eleven Federal agencies, including DARPA, NASA, and the DoD, participate in the SBIR program. These agencies must spend at least a portion of their annual R&D budgets on SBIR programs.
In order to qualify as a small business, the US company must have fewer than 500 employees and meet a few other criteria. Qualified small businesses are given money in phases to develop new technologies based on their proposed solution to R&D prompts issued by participating agencies. This research and development generally leads to the development of new technologies, some of which are patentable. To find out who owns the patent rights, and what obligations a small business has under SBIR grants, Read the rest of this entry »