The Small Business Innovation Research (SBIR) Program and its sibling, the Small Business Technology Transfer (STTR) program, are federal initiatives that provide over $2 billion in grants and contracts each year to small and start-up companies to develop new or enhanced products and services based on advanced technologies. About 40% of the SBIR Phase I awards made each year go to firms with no prior SBIR experience. SBIRs are administered by ten federal agencies for the purpose of helping to provide early-stage Research and Development funding to small technology companies (or individual...