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IMMEDIATE RELEASE

Release No: 184-96
April 04, 1996

DEPARTMENT OF DEFENSE ANNOUNCES NATIONAL CONFERENCE ON $1 BILLION R&D PROGRAM FOR SMALL COMPANIES

The Department of Defense today announced that along with the National ScienceFoundation, and eight other federal agencies, it will sponsor a nationalconference on the Small Business Innovation Research program scheduled forApril 29 - May 1, 1996 at the Dallas Airport Hyatt Regency in Dallas, Texas.The purpose of the conference is to help facilitate participation in the SBIRprograms. At the conference, small businesses and others will be able to meetindividually with the federal SBIR and STTR program managers, venture capitalfirms, and with representatives from some of the nation's largest companiesseeking partnerships with small companies.

The federal government funds nearly $1 billion each year in early-stage R&Dprojects at small technology companies through its SBIR and Small BusinessTechnology Transfer programs. These programs fund R&D projects that serve agovernment need and often have commercial applications, providing:

· up to $850,000 in pre-prototype R&D funding directly to small technologycompanies (or to individual entrepreneurs who form a company); and

· up to $850,000 in pre-prototype R&D funding to small companies workingcooperatively with researchers at universities and other research institutions.

Small companies retain the patent rights to any inventions they develop.Funding is awarded competitively, but the process is streamlined anduser-friendly.

The conference will also feature seminars conducted by national experts ontopics ranging from starting and financing a small technology company toSBIR/STTR proposal preparation and federal procurement procedures.

Businesses requiring further information on the conference, call David Speserat 407-791-0720.