SBIR/STTR Policy Directives Amended by SBA

SBA News – 1/27/2014  – Washington, DC

The US Small Business Administration recently amended Program Policy Directives within the SBIR/STTRprograms after a public commenting period and a bevy of input from multiple sources involved.  The SBIR Program Policy Directive makes several key changes to the SBIR Program relating to eligibility, the SBIR award process, SBIR Program administration, and fraud, waste and abuse.  The changes to the STTR Program Policy Directive have been made to maintain concordance with the SBIR program.  SBA also made several minor clarifying changes to ensure that the participants in both programs clearly understand certain program requirements. These changes were in part of President Obama’s signings of the 2012 National Defense Authorization Act and the related SBIR/STTR Reauthorization Act of 2011.

The amendments were published on January 8, 2014 and can be found in the Federal Register at the following links:

SBIR – https://federalregister.gov/a/2013-31374

STTR – https://federalregister.gov/a/2013-31376

Fraud, waste and abuse is a particularly interesting topic in the eyes of our accounting firm, as we  work closely with our clients to ensure compliance and to avoid unknowingly committing fraud, for example, on their FFR Reporting.  Our $495 Risk & Compliance Assessment provides government contractors & grantees peace of mind by finding the red flags in your accounting system before the auditors do.

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