Comment on FR Doc # 2012-18119

Document ID: SBA-2012-0011-0003
Document Type: Public Submission
Agency: Small Business Administration
Received Date: August 08 2012, at 12:00 AM Eastern Daylight Time
Date Posted: August 28 2012, at 12:00 AM Eastern Standard Time
Comment Start Date: August 5 2012, at 08:00 PM Eastern Standard Time
Comment Due Date: October 4 2012, at 11:59 PM Eastern Standard Time
Tracking Number: 810c7f33
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This is comment on Rule

Small Business Innovation Research Program Policy Directive

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I strongly oppose the change to allow SBIRs and STTRs to be awarded to companies owned by "domestic business concerns". The SBIR/STTR program has an outstanding record of commercializing innovative technologies with minimal funding. The competition for funding among *authentic* small businesses is already fierce (only ~15% of applications are awarded). SBIR funding allows these small businesses to survive, fueling the development of innovative technologies and strengthening the entire technological prowess of the United States. In contrast, awarding the funds to VC-backed or foreign-owned "business concerns" will simply add to the profits of these large businesses. Please do NOT change the ownership definitions for SBIR/STTR eligibility. This law was meant to fund SMALL businesses owned by American citizens. It should remain so.

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Comment on FR Doc # 2012-18119
Public Submission Posted: 08/28/2012 ID: SBA-2012-0011-0003