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Jun 12, 2016 | By Troy Carter

2016 Report: Navy SBIR/STTR Economic Impact

News Article Image of 2016 Report: Navy SBIR/STTR Economic Impact
Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72), conducts high-speed turn drills during sea trials. (U.S. Navy/Juan A. Cubano)

TechLink has completed the first-ever comprehensive analysis of the economic impacts of the Navy’s investment in private research and develop through the federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.

The study was conducted by TechLink, a DoD-funded technology transfer center at Montana State University-Bozeman, in collaboration with the Bureau Research Division of the Leeds School of Business at the University of Colorado in Boulder.

The research team contacted all 1,199 companies that completed Navy SBIR/STTR Phase II contracts during the study period. Companies were asked to divulge the total sales of new products and services directly related to their Navy SBIR/STTR Phase II contracts.

They also were asked about related economic outcomes, including sales to the U.S. military, follow-on R&D contracts, licensing revenue, and sales by licensees and spin-out companies. The team was able to obtain full or partial information on the economic outcomes of 2,598 contracts out of the 2,734 total, for an effective response rate of 95 percent.

Small Business Innovation Research and Small Business Technology Transfer programs fund R&D by small businesses, and cooperative R&D projects between small businesses and nonprofit US research institutions, including universities.

The Navy SBIR/STTR Program focuses on proposals with the potential to develop into products or services for military or commercial consumers.

Find the full report below.