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   Monday, Dec. 9, 2019 U.S.V.I. Business & Career Guide    

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Delgate Fights For Greater Access To Funds For Small Business R&D
by VIBusiness Staff

     Delegate Donna M. Christian-Christensen and other members of the House Small Business Committee spoke in favor of extending the Small Business Innovation Research (SBIR) program another seven years on Monday. The bill, H.R. 2392, subsequently passed the House by a voice vote.
     
     "One of the most important jobs for us on the Committee is to ensure that small businesses have every opportunity possible to succeed," Rep. Christensen said.
     
     "The SBIR Program is one of the most effective and successful technology programs for entrepreneurs ever created. Small businesses might not have the colossal Research and Development departments that some larger businesses have, but they do have the colossal ideas. SBIR makes sure those ideas are looked at and funded."
     
     The SBIR program was established by the Small Business Innovation Development Act in 1982, based on a successful pilot program at the National Science Foundation. It was re-authorized in 1992 and will lapse on October 1, 2000 without Congressional action.
     
     Tuesday's vote moves the measure one step closer to extending this program for another seven years.
     
     The SBIR program has resulted in several accomplishments in a variety of areas including cancer research. With National Cancer Institute support, for example - GMA Industries, Inc. has engaged in several SBIR efforts resulting in:
     
      Breakthroughs in providing access to cancer results in Medicine, Pharmaceuticals, Food Processing, Environmental, and the Chemical industries.
      Technological innovations resulting in costs that are significantly below industry norms for document imaging and capture, and database development applications.
      Creation of export markets that did not previously exist.
     
     In addition, this program gives a fair shot at funding to minority and disadvantaged businesses. Roughly 12% of the awards made under the program are given to minority and disadvantaged businesses. This translates to over $850 million dollars since the program has begun.
     
     "This funding provides real opportunities for many businesses that might not otherwise have been awarded a chance to implement their ideas," Rep. Christensen elaborated.
     
     As a testament to its success, SBIR has also become an international model. Representatives from governments throughout the world come to the United States to study our, own innovative program, and take SBIR home to duplicate it there.
     
     

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Delgate Fights For Greater Access To Funds For Small Business R&D
   "The SBIR Program is one of the most effective and successful technology programs for entrepreneurs ever created. Small businesses might not have the colossal Research and Development departments that some larger businesses have, but they do have the colossal ideas. SBIR makes sure those ideas are looked at and funded."
  
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