Innovative Entrepreneurs & SMEs and Economic Growth. Sofia, Bulgaria June 24, 2014. Giuseppe Gramigna [email protected]
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Innovative Entrepreneurs & SMEs and Economic Growth
June 24, 2014
The statements, findings, conclusions, and recommendations in this study are those of the author and do not necessarily reflect his position as the Chief Economist at the United States Small Business Administration.
SBA Research show that:
Venture capital investments as a percentage of GDP (US dollars 2012 prices)
Source: OECDiLibrary, Entrepreneurship at a Glance, 2013.
SBA’s Role: Financing Innovative SMEs throughout their life-cycle.
Basic Research & Development Grant Funding (SBIR/STTR);
Venture Capital Markets, Especially in Seed and Early Stage Risk Financing (SBIC);
Training of young, High-Potential SMEs (E-200 Initiative);
Traditional Loan Guarantees for all SMEs (7(a), 504 and Microloans).
Small Business Innovation Research (SBIR) Program:
Federal agencies with extramural R&D budget in excess of $100 million annually must reserve 2.5% for competitive bid to small businesses.
Small Business Technology Transfer (STTR)Program:
Federal agencies having an extramural R&D budget in excess of $1 billion annually must reserve 0.3 percent for competitive bid to small businesses.
SBIR Program Structure...
The SBA 7(a) and 504 Small Business Loan Guarantee Programs: Various types (working capital, project finance, micro, revolving, and of different size ($5,000 to $5.0 or $5.5 Mil.)