SBA raises SBIR program awards

The Small Business Administration (SBA) recently amended the Small Business Innovation Research Program (SBIR) Policy Directive, increasing the SBIR Program award threshold to $150,000 for Phase I, up from $100,000, and $1 million for Phase II, up from $750,000. The current award threshold has not been adjusted since 1992 when Congress reauthorized the program's legislation.  Good news for early stage developers of emerging technologies ...