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In its thirteen years of performance the SBIR Program has met 

 and surpassed all its objectives. The program has grown at a 

 steady rate, in an orderly manner, with impressive accomplishments. 



In the history of the SBIR program, in response to 158 

 solicitations, the 11 federal agencies participating in the Program 

 have received nearly 250,000 proposals from small high technology 

 firms, resulting in over 37,000 competitive awards worth more than 

 $5.3 billion. 



In Fiscal Year 1994, based on preliminary results from reports 

 just received, over 3,000 awards were made, worth $700 million. 



The most satisfying accomplishment of the SBIR program 

 however, is its success at developing and commercializing 

 innovations derived from Federal research. From preliminary 

 results from an ongoing study of SBIR commercialization performed 

 by an independent consultant, we have found that the number of SBIR 

 projects resulting in new high technology products and services has 

 been successful beyond our expectations. These preliminary results 

 focused on a random sample of 732, or 49.4% of the Phase II awards 

 made in FY 1987 and FY 1988. These projects would have entered 

 Phase III, the commercialization stage, in FY 1989 and FY 1990. 

 The surveys of these projects were done in FY 1993 and FY 1994, 

 giving the firms about 3 or 4 years to begin actual sales of the 

 innovative product or service. Preliminary results indicate that 



