Earlier this year, I announced the reauthorization of our small business program and the immediate changes that were made for fiscal year 2012. We now have more information from the Small Business Administration, as they recently released a proposed rule that will make some substantial changes in the program. The major change centers on eligibility and the participation of small businesses majority-owned by venture capital operating companies, hedge funds, or private equity firms, which would now be eligible to apply under certain situations. If this change affects you and your research, now is the time to let your voice be heard. The SBA is accepting comments on the proposed rule through July 16, 2012. In addition, don’t forget to look out for draft SBIR and STTR policy directives, which the SBA will release for public comment soon.
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