Small Business Innovation Research (SBIR) Consortium’s purpose is to advocate for innovative entrepreneurs in Louisiana, helping them start and grow through policy changes, access to capital, business incentives, business to business networking, and procurement opportunities.
The SBIR program encourages domestic small businesses to engage in Federal Research and Development that has the potential for commercialization. Through a competitive awards-based program, SBIR enables small businesses to explore their technological potential and provides the incentive to profit from its commercialization. The program invests over $2 billion annually in small businesses.