Description of Indicator
This indicator reports 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 level data, the information is still important. 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 2022, the amount of SBIR awards in Pennsylvania increased for the ninth consecutive year, reaching its highest amount on record. The number of SBIR awards also increased in 2022, though the total number of awards in Pennsylvania has fluctuated between 2013 and 2022.
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 is determinant of technological activity and expertise among states.
How is the region performing?
The amount of STTR awards in Pennsylvania increased in 2022, exceeding $23 million. The number of STTR awards also increased in 2022.