This lapse created uncertainty for small businesses, delayed critical innovation and risked allowing critical technology to fall into the hands of foreign adversaries. This reauthorization package contains several bipartisan reforms that restore stability and strengthen the programs by safeguarding American technology, reducing administrative burdens and accelerating the development of emerging technologies. This bill also aims to bridge the valley of death between research and commercialization by providing training for acquisition officials, improving data collection across participating agencies, and modernizing technical and business assistance for small businesses. (01:29–01:44)
CLAIM
Asserts that the reauthorization includes reforms to stabilize and strengthen SBIR and STTR programs.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
