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Small Firms and US Technology Policy

Social Benefits of the US Small Business Innovation Research Program

9781802205589 Edward Elgar Publishing
Albert N. Link, Virginia Batte Phillips Distinguished Professor, Department of Economics and Martijn van Hasselt, Associate Professor of Economics, Department of Economics, University of North Carolina at Greensboro, US
Publication Date: March 2023 ISBN: 978 1 80220 558 9 Extent: c 128 pp
While much has been written about the US Small Business Innovation Research (SBIR) program from both an institutional and a policy perspective, there remains a conspicuous void of general information about firms and research projects that are funded through the program. Providing a multi-dimensional picture of such firms and their projects, this incisive book is designed to help the reader understand in more depth the social benefits associated with the SBIR program.

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While much has been written about the US Small Business Innovation Research (SBIR) program from both an institutional and a policy perspective, there remains a conspicuous void of general information about firms and research projects that are funded through the program. Providing a multi-dimensional picture of such firms and their projects, this incisive book is designed to help the reader understand in more depth the social benefits associated with the SBIR program.

Albert N. Link and Martijn van Hasselt discuss the US SBIR program from an institutional, empirical, and policy perspective, examining the policy transfer of the program to other countries, the transfer of technical knowledge through patents and scientific publications, and the technology transfer of commercialised research outputs. Exploring new program and project relationships, the book could serve as a springboard for future in-depth analyses about the SBIR program and its impact on economic and social matters.

Forward-thinking in approach, Small Firms and US Technology Policy provides a roadmap for future academic and policy research into the SBIR program, making it a valuable read for scholars and students of business and management studies. US and international policymakers and business owners will also benefit from its discerning look into the SBIR program.
Critical Acclaim
‘Albert Link and Martijn van Hasselt have written an instant classic - the definitive analysis of the noted Small Business Innovation and Research Program. Few US hard tech start-ups scale up without trying for SBIR funding - it has become a key tool for US tech entrepreneurship and has now been replicated in nine other nations. This new book does the long-needed analysis to tell us how the program works best, and how successful companies that use it make it work for them. For anyone interested in US technology policy, it is a must read.’
– William B. Bonvillian, Massachusetts Institute of Technology, US

‘In an era where public policy is increasingly politicized and decisive, this important new book sheds pathbreaking light on how evidence-based analysis can provide a neutral scientific-based assessment of technology policy. The careful findings make it clear how and why technology policy can unleash the innovative potential of not just small firms but an entire society and economy.’
– David B. Audretsch, Indiana University, US

‘The SBIR program has been a cornerstone of US innovation policy since the early 1980s. It has been widely copied outside the country. This book provides an authoritative look at the history, politics, and economics of this important program that has supported an amazing roster of technology-intensive companies in this country. A must read for students of knowledge entrepreneurship.’
– Nicholas Vonortas, The George Washington University, US
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