The government as venture capitalist: the long-run impact of the SBIR program, Issue 5753

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National Bureau of Economic Research, 1996 - Research, Industrial - 30 pages
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This paper examines the impact of the Small Business Innovation Research (SBIR) program, which has provided over $5 billion to new high-technology firms between 1983 and 1995. Using a unique database of awardees compiled by the U.S. General Accounting Office, it shows that SBIR awardees grew significantly faster than a matched set of firms over a ten-year period. The positive effects of SBIR awards were confined to firms based in zip codes with substantial venture capital activity.

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