SBIS Meaning and
Definition
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SBIS is an acronym that stands for Small Business Innovation Research. It refers to a specialized program in the United States that encourages and supports innovation and research activities by small businesses. SBIS is typically associated with the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which are collectively known as America's Seed Fund.
Under the SBIS program, federal agencies with large research and development budgets are required to allocate a certain percentage of their funds to support small businesses in their innovative endeavors. This program aims to foster technological advancements and scientific breakthroughs by providing funding opportunities to small businesses, particularly those in the early stages of development.
To be eligible for SBIS funding, small businesses must propose innovative projects with a clear potential for achieving commercialization. The primary objective is to bridge the gap between the research and development phase and the commercialization of new products or services. Through SBIS, small businesses gain access to the necessary capital, resources, and guidance to bring their innovative ideas to the market.
Overall, SBIS plays a vital role in promoting and nurturing a culture of innovation and entrepreneurship in the small business sector. By incentivizing research and development activities in these businesses, SBIS aims to stimulate economic growth, job creation, and the advancement of technology across various industries.
Common Misspellings for SBIS
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