SBIR Gateway

SBIR Insider Newsletter - Update
March 10, 2010 Edition



Dear SBIR Gateway Insider,

You made a difference! In our last issue (yesterday..) we told you about Nydia Velazquez (House Small Business Committee's chair) and her outrageous comment about small businesses without VC backing (see www.zyn.com/sbir/insider/sb-insider03-09-10.htm).

The outrageous comments were part of her small business committee's congressionally mandated Views & Estimates document sent to John M. Spratt, Jr. (D-SC), Chair of the House Committee on the Budget.

The Views & Estimates document was brought before the House small business committee for a markup hearing on March 4, 2010. No amendments were offered and the document was accepted by unanimous consent.

The document passed by the House on March 4, 2011 (see www.youtube.com/watch?v=wqpaazIjPVw&feature=PlayList&p=30A257FFBAA6C7BB&index=2 ) contained the following view stated by Velazquez:

"Without the participation of venture-backed companies, the SBIR program has become little more than corporate welfare for marginal companies who are unable to secure external market-based funding."
This created such as response by the small business community that Velazquez changed her remarks in a letter dated March 11, 2010 (but sent on March 10) that now reads:
In addition, SBA should permit venture capital-backed small businesses to be able to fully participate in the Small Business Innovation Research program. Such participation is essential for high-growth small firms seeking capital, particularly during this period of economic weakness.

In the March 4 hearing, Velazquez made a motion that the committee be able to correct punctuation and to make other necessary technical corrections on the document. They did a lot of "correcting", and many of you are responsible for the SBIR "corrections." Keep up the good work.

Thanks again for your time.

Sincerely,

Rick

Rick Shindell
SBIR Gateway
Zyn Systems
40 Alderwood Dr.
Sequim, WA 98382
360-681-4123
rick@zyn.com
www.zyn.com/sbir

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