A firm must have a prior Phase II award and must match the funds one for one
To extend the SBIR and STTR programs, and for other purposes, section 3, Sec. 3.
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A firm must have a prior Phase II award and must match the funds one for one
The document says “shall”Who acts: small business concernsHow: statuteSec. 3 in the PDF
What the document says
“The small business concern shall-- ``(I) have been awarded not less than 1 prior Phase II award under the SBIR or STTR program; ``(II) demonstrate not less than 100 percent matching funds”
Subparagraph (C)(ii) sets what a firm must show. It must have had at least one prior Phase II award under the SBIR or STTR program. It must demonstrate matching funds of at least 100 percent, drawn from new private capital raised as a result of the award, from new funding awarded by a government agency under a program other than Phase I or II of the SBIR or STTR program as a result of the award, or from a combination of the two. It must also demonstrate a technology that is an effective solution, as determined by market research.
What the document actually says
“The small business concern shall-- ``(I) have been awarded not less than 1 prior Phase II award under the SBIR or STTR program; ``(II) demonstrate not less than 100 percent matching funds”
That sentence, in plain words
The firm must have won a Phase II award before. It must also bring the same amount of money from somewhere else.
What this is about
The other money can come from private backers. It can also come from another arm of government. It can be part one and part the other. The firm must also show its idea works, using market research.
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Small Business Innovation and Economic Security Act, Public Law 119-83, sec. 3, 140 Stat. 759 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ83/html/PLAW-119publ83.htm
This page
“A firm must have a prior Phase II award and must match the funds one for one,” Small Business Innovation and Economic Security Act, section 3, Sec. 3. Read the Mandate, https://readthemandate.org/small-business-innovation-economic-security-act/proposal/sec03-recipient-requirements/ (retrieved October 10, 2026).
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