The 2012 Defense Reauthorization Act also renewed the SBIR and STTR programs. There were certain elements of the Act that required the SBA to establish new policy in order to implement the portions of the new law. It took almost 9 months for the first draft of the new SBIR Policy Directive to be published on Aug. 6, 2012. After public comments were solicited and received by the SBA, the policy directive was finalized and made effective Jan. 8, 2014. There are some major changes that are worth noting including:
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