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SBA Changes R&D Program Rules for Small Business Technology Transfer Act

BRIEF – Starting Jan. 28, 2013, small businesses backed by private companies will be restricted from joining Small Business Administration research and development programs, Washington BizJournal reports.

That is according to an altered ruling from the SBA on the Small Business Technology Transfer Act that singles out small businesses majority-owned by private firms, hedge funds or venture capital firms.

The STTR gives federal agencies $1 billion per fiscal year to spend on R&D.

 

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