Indicator 11: SBIR/STTR
How Does Massachusetts Perform?
There was an increase in the number of Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) awards in Massachusetts, from 532 to 604 between 2016 to 2017. However, the total SBIR and STTR award funding decreased by $30 million during that same timeframe. Since the 2010 post-recession peak, the number of awards has fallen 30.0%. Total funding has fallen 24.8%. Massachusetts received approximately $89.6 million less in 2017 than it did in 2010 when adjusted for inflation. This reflects the overall decline in awards which have decreased by 1,561, and award funding which has decreased by $407.5M nationally since 2010 to 2017. Massachusetts is first in SBIR/STTR Award funding per $1 million GDP among the LTS and second in total funding amount, behind California. Among the SBIR and STTR awards in Massachusetts in 2017, the U.S. Department of Health & Human Services accounted for most of the funding (41.1%), while the Department of Defense accounted for over half of total awards (50.3%).
Data Source for Indicator 11: U.S. Small Business Administration, CPI