GAO-19-205R:
Published: Dec. 21, 2018
Publicly Released: Dec. 21, 2018
Among the 11 agencies participating in the Small Business Innovation Research (SBIR) program, from fiscal years 2015 through 2018, 3 agencies awarded contracts and grants to small businesses majority-owned by multiple venture capital operating companies, hedge funds, or private equity firms (investment companies and funds). Specifically, the Department of Health and Human Services' National Insti