SBIR/STTR

Indicator 11:  SBIR/STTR

 

How Does Massachusetts Perform?

Indicator 11:  SBIR/STTR text box statsThere was a slight decline in the number of Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) awards in Massachusetts from 2015 to 2016, decreasing from 584 to 484 in 2016. SBIR and STTR award funding in the state also decreased from 2015 to 2016 by $19.4 million. The decline in awards since 2010, when they peaked following the Great Recession, was steep and Massachusetts received $108M in 2016, less than it did in 2010 ($353M). This reflects an overall trend in award funding nationally, which fell from $2.59 billion in 2010 to $1.95 billion in 2016, a $645 million decline. Massachusetts is first in SBIR/STTR Award funding per $1M GDP among the LTS and ranks second in total funding amount, behind California. Among the SBIR and STTR awards in Massachusetts in 2016, the Department of Health and Human Services accounted for the most funding (48%) while the Department of Defense accounted for the largest number of awards (225).