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- W855732079 abstract "The United States Department of Transportation (USDOT) is partnering with small businesses to foster new transportation technologies, products, and services through the Small Business Innovation Research (SBIR) program. This article describes the SBIR program and provides a case study to illustrate how the program works. SBIR was created by Congress in 1982 to solve two problems. First, by reserving a percentage of Federal research and development funds for small businesses, SBIR enables small companies to enter the marketplace and compete on a level similar to larger firms. Second, the program addresses the needs of Federal agencies to solve problems that require high-risk research with the potential to develop successful products for commercialization. The SBIR program, a competitive three-phased program, provides funds for the critical startup and developmental stages and fosters innovation and entrepreneurship among small and/or socially and economically disadvantaged persons and businesses. The goal of SBIR-funded research is to be cost-effective, efficient, and beneficial for U.S. industries, creating technologies that might be either ignored by large companies as being too minor for them to be concerned with or not considered a high-profit opportunity. The SBIR program has helped the Federal Highway Administration advance research and development practices, particularly in areas such as sensors, intelligent transportation systems, and green technologies. In the case of USDOT, the products to be developed would likely be used by State and local departments of transportation. Many projects end after the first phase if the company is unable to produce the research results it originally expected. Even if Phase II funding to further develop the idea is awarded and the project is completed, commercialization (Phase III, which requires non-SBIR funding) can continue to pose an ongoing challenge. Even when a company does achieve commercialization of its product, tracking that success is difficult for the Federal agency that supported the research. Other challenges involve the inherent risks of working with small businesses that might lack longevity or broad experience. Despite the challenges, Federal researchers find that the SBIR program is a great way to engage small businesses to achieve national goals and spark interest in innovations and new technologies. Migma Systems, which recently received SBIR funding for Phase I and Phase II of a stereo camera system for pedestrian detection in crosswalks, is one of many small businesses to benefit from the SBIR program." @default.
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- W855732079 date "2012-03-01" @default.
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- W855732079 title "Nurturing the Next Big Thing" @default.
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