WASHINGTON and AFA WARFARE SYMPOSIUM — The leaders of the Senate’s small business committee have come to an agreement to restart the Small Business Innovation Research program, a key tool used by the Pentagon to flow seed funding to small firms developing new technologies.
The news will likely be welcomed by Pentagon leaders, as defense-focused projects have been slowed or paused due to the lack of funding authorization for the program.
Sens. Joni Ernst, chairwoman of the Senate Small Business and Entrepreneurship Committee, and Ed Markey, its top Democrat, intend to introduce new legislation known as the “Small Business Innovation and Economic Security Act,” which would reauthorize SBIR for the next five years.
The bill — which two sources said could come…
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Source breakingdefense.com
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