The latest updates from the intersection of entrepreneurship and politics.
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EDA is excited to announce that the SPRINT Challenge is now live and accepting applications! Applications are due December 3, 2020 by 11:59 pm EST. For more information, please access the Notice of Funding Opportunity.
More than 90 percent of the electorate support expanded efforts to strengthen the key elements of a knowledge-driven economy. Members can sign up for a webinar on how the poll can inform your communications.
Federal agencies awarded almost $3 billion in FY 2019 to small businesses through two programs designed to develop and commercialize technologies—the Small Business Innovation Research and Small Business Technology Transfer programs. In most cases, agencies are to notify applicants within 90 days and issue awards within 180 days.Of the 29 agencies reviewed, half notified most applicants late. Two-thirds issued most awards late.Agencies take various steps to improve timeliness. Some, such as using dedicated contracting officers to make awards, may make agencies timelier.In fiscal year 2019, many agencies that participate in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs were not consistently on time in notifying awardees or issuing awards, similar to fiscal years 2016 through 2018, which GAO previously reviewed. For notification, 15 of the 29 participating agencies met the timeliness requirement (90 calendar days for most agencies) for at least 90 percent of their awards, whereas 14 did not. For award issuance, 10 agencies met the timeliness recommendation (180 calendar days for most agencies) for at least 90 percent of their awards, and 19 did not. See figure for details.Percent of Small Business Awards Issued within the Recommended Time for Fiscal Year 2019Note: The Small Business Administration’s SBIR/STTR policy directive recommends the National Institutes of Health and National Science Foundation issue awards within 15 months, rather than the 180 days recommended for all other agencies.Agencies use various practices that they say help improve the timeliness of applicant notification and issuance of SBIR and STTR awards.
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