SBIR Policy Directive 2012
Executive Summary
A. Eligibility
[Updated 8/6/12]
With respect to eligibility for an SBIR award, the directive:
Addresses the new requirements permitting small business
concerns that are majority-owned by multiple venture capital operating
companies (VCOCs), hedge funds or private equity firms to participate
in the program;
- Permits an STTR Phase I awardee to receive an SBIR Phase
II award;
- Permits certain agencies to issue an SBIR Phase II award
to a small business that did not receive an SBIR Phase I award; and
- States that a small business may receive two, sequential
Phase II awards.
For example, SBA amended the directive to address the two new statutory
exceptions to the general rule that only SBIR Phase I awardees may
receive an SBIR Phase II award. According to the Reauthorization Act, a
Federal agency may now issue an SBIR Phase II award to an STTR Phase I
awardee in order to further develop the work performed under the STTR
Phase I award. In addition, the Reauthorization Act states that, for
fiscal years 2012-2017, the National Institutes of Health (NIH),
Department of Defense (DoD) and the Department of Education (Education)
may issue a Phase II award to a small business that did not receive an
SBIR Phase I award.
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