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The SBIR/STTR Reauthorization Act of 2024 extends and modifies the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which provide federal research and development funding to small businesses. The bill removes sunset dates for these programs, expands fellowship and internship opportunities for underrepresented groups, increases application assistance to broaden participation, enhances technical and business support for award recipients, and establishes new pilot programs to accelerate commercialization and streamline award processes across federal agencies.
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