[1] The 'Small Business Technology Transfer Act of 1992' was enacted to increase opportunities for small businesses and non profit organizations to collaborate with federal research laboratories.

Agencies with a more than $1 billion extramural research and development budget must reserve 0.3% of their extramural research budget for Small Business Technology Transfer (STTR) awards.

[2] In parallel, in December 1992, the related 'Small Business Research and Development Enhancement Act' (P.L.

102-564) was passed to reauthorize the Small Business Innovation Research (SBIR) program for joint ventures until September 30, 2000.

Numerous extensions passed with the most recent one extending the SBIR program through 2022.