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Congress may serve the tech sector a bigger budget share.

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This story appears in the October 2001 issue of Entrepreneur. Subscribe »

In the depths of a tech slump, Congress wants to pump up new-product pipelines. A bill from Sens. John Kerry (D-MA) and Kit Bond (R-MO) would increase five federal agencies set-asides for the Small Business Technology Transfer (SBTT) program from 0.15 to 0.5 percent of their R&D budgets by fiscal 2007, upping annual awards from $65 million to $150 million.

SBTT requires the Departments of Defense and Energy, the National Institutes of Health, NASA, and the National Science Foundation to set aside a small portion of their budgets for small companies that partner with nonprofit universities, research organizations and foundations. The Bush administration opposes an increase in the set-aside percentage.

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