August 2025 - Physical Sciences Inc.

Press Release

(Boston, August 19) – Ranking Member Edward J. Markey (D-Mass.) today hosted a listening session to hear directly from Massachusetts research and innovation small businesses about how the Trump administration’s cuts to federal agencies and research, attacks on universities, and reckless tariff policies are harming small businesses and the innovation economy. During the session, Ranking Member Markey and the small business representatives also discussed the importance of the Small Business Innovation Research (SBIR) and the Small Business Technology Transfer (STTR) programs to the small business innovation ecosystem. The discussion took place at The Engine at MIT in Cambridge, Massachusetts.

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Press Release

The INNOVATE Act (S. 853), introduced by Senator Joni Ernst (R-IA) and Roger Williams (R-TX), significantly undermines the merit-based approach in SBIR and STTR that have been so successful in developing critical technologies for the warfighter, space exploration, and the healthcare professional. If enacted without critical modifications, SBIR funding would be nearly exclusively captured by established, well-funded, VC-backed companies that will exploit the SBIR program for taxpayer money to leverage VC investments.

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Press Release

The New England Innovation Alliance (NEIA), an organization of entrepreneurial companies focused on transitioning innovative technologies to government and commercial use, strongly opposes the INNOVATE Act. The legislation, introduced by Senators Joni Ernst (R-IA) and Representative Roger Williams (R-TX), Chairs of the Senate and House Small Business Committees, would reauthorize the Small Business Innovation Research and Technology Transfer (SBIR/STTR) programs. The INNOVATE Act is a direct attack on the longstanding competitive, merit-based approach to the program and a give-away of hundreds of millions of dollars annually in non-dilutive capital to venture capital interests.

Press Release

The New England Innovation Alliance, a coalition of small, disruptive innovation businesses located in Massachusetts and New Hampshire, strongly supports The SBIR and STTR Reauthorization Act of 2025 introduced by Senator Edward Markey, Ranking Member of the Senate Committee on Small Business and Entrepreneurship, and Representative Nydia Velázquez, Ranking Member of the House Small Business Committee.

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