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Cover of Venture Funding and the NIH SBIR Program

Venture Funding and the NIH SBIR Program

; Editor: Charles W Wessner.

Washington (DC): National Academies Press (US); .
ISBN-13: 978-0-309-12997-8ISBN-10: 0-309-12997-4


This report presents the NRC analysis of the effect of the Small Business Administration’s eligibility rules with regard to the majority-owned venture capital participation in the NIH SBIR program. Using data from SBIR awards made from fiscal years 1992 to 2002 and with specific attention to the challenges faced by firms in the biomedical field and employing a combination of surveys and case studies adapted from the Methodology developed as part of the current five-agency analysis, the NRC investigated the following questions: Which NIH SBIR participating companies have been or are likely to be excluded from the program as a result of the 2002 rule change on venture capital company ownership? What is the likely impact of the 2002 ruling had it been applied during the 1992–2002 timeframe and what is its probable current impact?

Key variables include the presence and amount of SBIR support, the receipt of venture capital funding or other outside funding, and output measures including those related to commercialization and knowledge generation.

This consensus report contains statistical analysis, case study findings, and also presents the NRC Committee’s findings and recommendations.


This study was supported by Contract/Grant No. N01-OD-4-2139 (Task Order #99) between the National Academy of Sciences and the U.S. Department of Health and Human Services. Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and do not necessarily reflect the views of the organizations or agencies that provided support for the project.

NOTICE: The project that is the subject of this report was approved by the Governing Board of the National Research Council, whose members are drawn from the Councils of the National Academy of Sciences, the National Academy of Engineering, and the Institute of Medicine. The members of the committee responsible for the report were chosen for their special competences and with regard for appropriate balance.

Copyright © 2009, National Academy of Sciences.
Bookshelf ID: NBK26457PMID: 20669475DOI: 10.17226/12543


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