Press Release: NASA Provides $45M Boost to US Small Businesses

“Small businesses are vital to NASA’s mission, helping expand humanity’s presence in space and improve life on Earth. NASA has selected 365 U.S. small business proposals for initial funding from the agency’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) program, a total investment of more than $45 million.

‘At NASA, we recognize that small businesses are facing unprecedented challenges due to the pandemic,” said Jim Reuter, associate administrator for the agency’s Space Technology Mission Directorate (STMD). “This year, to get funds into the hands of small businesses sooner, we accelerated the release of the 2021 SBIR/STTR Phase I solicitation by two months. We hope the expedited funding helps provide a near-term boost for future success.’

NASA selected 289 small businesses and 47 research institutions to receive Phase I funding this year. More than 30% of the awards will go to first-time NASA SBIR/STTR recipients. ‘We are excited to have a large cohort of new small businesses join the NASA family via the SBIR/STTR program,’ Reuter said.

Through the program, NASA works with U.S. small businesses and research institutions to advance cutting-edge technologies. The agency provides up to $125,000 for companies to establish the merit and feasibility of their innovations. Phase I SBIR contracts are awarded to small businesses and last for six months, while Phase I STTR contracts are awarded to small businesses in partnership with a research institution and last for 13 months. Based on their progress during Phase I, companies may submit proposals to subsequent SBIR/STTR opportunities and receive additional funding…” Read the full press release here.

Source: NASA Provides $45M Boost to US Small Businesses – March 25, 2021. NASA.

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