There is great interest in evaluating the impact of private equity investments on innovation and economic growth …. However, there is no direct empirical evidence on the effects of such transactions on the innovation strategies of … Business Innovation Research (SBIR) program research awards. We find that SBIR firms attracting private equity investments are …

, entrepreneurial firms, concluding public R&D investments, primarily funded by the U.S. Small Business Innovation Research (SBIR …) program, are indeed bending the arc of innovation. Firms that receive SBIR project funding would not undertake the projects in … ability to commercialize innovations. Bending the Arc of Innovation offers a theoretical model of the effects of the SBIR …

"While much has been written about the U.S. Small Business Innovation Research (SBIR) program from both an …