SBA Announces Recipients of Tibbetts Awards
WASHINGTON – Today, the U.S. Small Business Administration announced 38 companies, seven organizations, and 14 individuals as the winners of the prestigious Tibbetts Award for their accomplishments in creating cutting-edge technologies. The Tibbetts Awards, named after Roland Tibbetts, the founder of the SBIR Program, honors these awardees for the exceptional successes they achieved through SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.
“For nearly four decades, the SBIR and STTR programs have been assisting small businesses with launching ideas from conception to market. The Tibbetts Awards highlight our nation’s next generation of competitive creators who help push the U.S. economy into the future,” said SBA Administrator Jovita Carranza. “SBA continues to play a key role in administering these research and technology funding programs, providing ‘seed money’ to help our nation’s greatest and most innovative research entrepreneurs start, grow, and transition into high-growth companies. The companies and the technologies they create played a unique role in job creation, the building of new industries and communities, and addressing the nation’s most pressing challenges.”
The Tibbetts awards also recognize the creative and impactful way organizations and individuals have supported the rising tech entrepreneur, especially in creating success with underrepresented communities. Details on each of the winners can be found on www.tibbettsawards.com.
The products and services developed across various industries including artificial intelligence, genetics, nanotechnology, pharmaceuticals, semiconductors, clean energy, sensors, aerospace, and telecommunications. These stories demonstrate the substantial economic and social benefit of the SBIR and STTR programs and their impact on our economy. Past Tibbetts awardees include Qualcomm, 23andMe, Symantec, and Broadcom.
The SBIR/STTR programs are a key pillar in the federal government’s strategy for a strong national economy, providing seed capital to innovative entrepreneurs in science, technology, and engineering. The program, known as America’s Seed Fund, focuses on funding critical technology areas that are too high risk or early-stage for traditional venture capital.
Since its inception in 1982, the program has awarded over 170,000 awards with over $50 billion in funding to small businesses through the 11 participating federal agencies. It boasts one of the highest returns on taxpayer investment when measuring federal funding and economic impact.
The 2020 Tibbetts Award Winners are as follows:
Image Source: SBA on Twitter
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