Did you know that the National Science Foundation supports small business with grants, contracts and resources? Their mission is to support the economy through innovation in “fundamental science and engineering (with the exception of medical sciences)”.
Small businesses are supported from the “bottom up”. This includes support from the office of Small and Disadvantaged Business Utilization (OSDBU) as well as the Small Business Innovation Research (SBIR)/Small Business Technology Transfer (STTR) program.
NSF is vital because we support basic research and people to create knowledge that transforms the future. This type of support:
- Is a primary driver of the U.S. economy.
- Enhances the nation’s security.
- Advances knowledge to sustain global leadership.
With an annual budget of $7.5 billion (FY 2016), we are the funding source for approximately 24 percent of all federally supported basic research conducted by America’s colleges and universities. In many fields such as mathematics, computer science and the social sciences, NSF is the major source of federal backing.
The National Science Foundation (NSF) Office of Small and Disadvantaged Business Utilization (OSDBU) helps increase contract and subcontract awards to small and disadvantaged businesses, and identifies potential businesses to support the NSF. To learn more about contracting opportunities through OSDBU.
Author:Robin Yerian. Robin studies Marketing and Business Administration at California State University, Northridge. She has received an honorable mention for her secondary research regarding the millennial generation in association with the national American Marketing Association case competition for eBay in which she provided consumer insights. Robin is the student assistant responsible for managing client relationships, communications, and social media for the Wells Fargo Center for Small Business & Entrepreneurship at CSUN.