Is venture capital new, innovative small business, or just big business disguised? Steve King at Small Biz Labs this morning has a good summary of the debate about venture capital and government-funded Small Business Innovation Research (SBIR) grants.
Last year 3,600 smaller companies got about $2.2 billion in first-stage grants provided by 11 federal agencies. The basic idea is funding research, particularly from new innovative companies that aren't getting money from larger corporate...
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