Limit Federal Grants to Domestic Startups

In the lab at Kitech, Korea Institute of Industrial Technology, Ansan, South Korea. Photograph by Ana Nance/Redux

Last December, President Obama signed into law the 2012 Defense Authorization Act, which included reauthorization of the Small Business Innovation Research funding program. The 30-year-old program had become a political football despite being an effective tool for overcoming the failure of the private sector to adequately fund early-stage technology commercialization.

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