President Donald Trump has signed legislation reauthorizing the Small Business Innovation Research program, a critical funding source for early-stage space companies. The move ensures continued federal support for innovative technologies developed by small firms in the aerospace sector.
The Small Business Innovation and Economic Security Act extends both the SBIR and Small Business Technology Transfer programs through September 30, 2031. The legislation also introduces enhanced screening measures for applicants, though specific details about these new vetting procedures were not provided in the source material.