An Assessment of the U.S. Small Business Innovation Research (SBIR) Program: A Study of Project Failure

Albert Link, Christopher Swann and Martijn van Hasselt

No 22-7, UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics

Abstract: In 2000 and again in 2012, the U.S. Congress charged the National Research Council (NRC) within the U.S. National Academies of Sciences, Engineering, and Medicine to study how the Small Business Innovation Research (SBIR) program has stimulated technological innovation and used small businesses to meet Federal research and development needs, and to make recommendations for improvements in the SBIR program. Using project data collected by the NRC, we assert that an important assessment metric not previously considered by the NRC in its reports to Congress relates to the failure rate of funded Phase II research projects. Our paper identifies a number of covariates associated with project failure, and we make a recommendation that program managers might decrease the likelihood of project failure if funded firms can be given relevant information about how to contact angel investors, venture capitalists, and private investors, and how to present to them a proposal to obtain additional research investment dollars.

Keywords: Small Business Innovation Research (SBIR); project failure; R&D; program assessment (search for similar items in EconPapers)
JEL-codes: O22 O31 O32 O38 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2022-08-24
New Economics Papers: this item is included in nep-ent, nep-ino, nep-ppm, nep-sbm and nep-tid
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Citations: View citations in EconPapers (2)

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