IMPORTANT UPDATE: Effective 1 October 2025, SBIR/STTR program authorization has expired. New activity is paused; ongoing awards remain valid. Awardees are encouraged to contact their TPOCs and contracting officers with questions regarding active awards.
In accordance with 15 USC 638(dd)(7), investment by venture capital, private equity firms, or hedge funds shall not be used as an award criterion. However, funding commitments related to the effort, whether from Government sources, as documented in the Department of the Air Force Customer Memorandum, or private sources, as documented through a letter of commitment, are evidence of commercialization potential, which is one of the three primary criteria during proposal evaluation.