Small Business Finance News
NASA To Partner With Small Business Owners
Written by Jenna Weiner
Published: 12/10/2010
Space agency to partner with entrepreneurs
Small businesses will soon benefit from new contracts by the federal government's space agency, thanks to a recent announcement.
In a statement, NASA made news for small business owners when it announced that it was negotiating contracts with 350 small businesses that had sent proposals to the agency as part of its Small Business Research Program (SBIR) and the Small Business Technology Transfer (STTR). NASA is seeking to help foster new innovations from small companies capable of completing large feats.
"The SBIR and STTR programs help facilitate innovative research and technology development among America's most creative small businesses," said Bobby Braun, NASA chief technologist at the agency's headquarters in Washington. "These Phase 1 awards will serve as seed funds for transformative research and technology projects that have the potential to mature new products and services of great benefit to NASA and the nation."
Small businesses from all over the country have been working with NASA, including Maryland-based Arcata Associates. The group was named the 2010 NASA Dryden Flight Research Center Small Business Prime Contractor of the Year based on work in Research Facilities and Engineering Support Services.
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