President Trump signs legislation reauthorizing SBIR
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President Trump signed the Small Business Innovation and Economic Security Act, reauthorizing the Small Business Innovation Research and Small Business Technology Transfer programs. The legislation provides key funding for early-stage space companies and enhances national security screening of applicants.
President Trump signed a bill reauthorizing funding for space companies. The Small Business Innovation Research and Small Business Technology Transfer programs provide over $4 billion annually. The programs lapsed in September due to national security concerns. The U.S. Space Force has used these programs to fund research and development of space technologies. The reauthorization is a boost to small space companies seeking funding and credibility. The bill enhances screening of applicants to ensure they do not pose national security risks.
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