New York SBDC Research Network

From the National Science Foundation Higher Education Research and Development Survey, FY 2011 Universities reported that 4.9%, or $3.2 billion, of their $65 billion total in research and development expenditures in FY 2011 was funded by businesses, according to the National Science Foundation’s (NSF’s) Higher Education Research and Development (HERD) Survey. This percentage has remained very stable since the late 1970s (between 5% and 7% of total R&D expenditures) Funds Spent for Business R&D Performed in the United States: 2011 Companies spent $294 billion on research and development performed in the United States during 2011, compared with $279 billion during 2010 (table 1). Funding from the companies’ own sources was $222 billion during 2010 and $239 billion during 2011; funding from other sources was $57 billion in 2010 and $55 billion in 2011.

The U.S. Small Business Administration is seeking nominations for awards honoring the critical economic role small businesses play in federally funded research and development through SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Two awards will be given: the “Hall of Fame” award recognizing companies that have an extended period of extraordinary success of research, innovation, and product commercialization; and another, the “Tibbetts Award” with two categories, one for companies that have participated in the SBIR/STTR programs, and another for individuals who advocate on behalf of the programs. The Tibbetts Awards are named after Roland Tibbetts, who was instrumental in developing SBIR, a highly competitive program to ensure small businesses get a chance to compete for federal research and development funding, along with the opportunities it provides to profit from commercialization of the technologies they develop. Th