SBIR funding/$1 million GDP | State Indicator S-56
Average Annual Federal Small Business Innovation Research Funding per $1 Million of Gross Domestic Product
Funds awarded through the federal Small Business Innovation Research (SBIR) program support R&D and technological innovation in companies with 500 or fewer employees. This indicator represents the extent to which small business firms in a state are pursuing research projects that meet federal R&D needs and attract federal support.