Description of Indicator
These data cover grants awarded by the Small Business Innovation Research (SBIR) program. Grants are awarded through the SBIR program to promote federal innovation research and development.
Why is it important?
This information is determinant of technological activity and expertise. Although state-level data provides a larger range than county and municipal data, the insight is still meaningful. The highest-ranking states are associated with high levels of economic activity, large or flourishing metropolitan areas, and relatively large state populations.
How is the region performing?
In 2024, the amount of SBIR awards in Pennsylvania decreased for the second consecutive year. The number of SBIR awards also decreased in 2024, though the total number of awards in Pennsylvania has fluctuated over the past five years.
Description of Indicator
This indicator reports grants awarded by the Small Business Technology Transfer (STTR) program. STTR emphasizes joint venture opportunities between small businesses and nonprofit research institutions.
Why is it important?
Like SBIR, the STTR program determines technological activity and expertise among states.
How is the region performing?
The number and amount of STTR awards in Pennsylvania increased in 2024, exceeding $24 million..