Increasing Innovation by Speeding Up SBIR and SBIC
summary
Argues that speed drives impact and gives concrete results: a fast-track program cuts SBIC licensing for returning funds from 15 months to 2 months and overall average down to six months, producing roughly 4x throughput while doubling applications; SBIR is already $2.5 billion in non-dilutive grants versus $1.7 billion in VC seed last year; commits to publishing turnaround metrics, piloting NIST-style competitive commercialization grants, and using tech to make federal programs less opaque.
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chapters (11)
- 0:00Introduction
- 1:03SBA’s role
- 2:28SBIR and SBIC overview
- 3:53SBIR grants impact
- 4:34Speed in government
- 5:59Turnaround time metrics
- 7:04SBIC speed improvements
- 8:09Transparency and data
- 8:31Market pull for innovation
- 9:13Startup mindset in government
- 10:15Access for entrepreneurs
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