SBA SBA Technology & Innovation for Small Business

Question 1

What SBA program provides research and development funding to small technology-driven businesses?

Accepted Answer

Small Business Innovation Research (SBIR) Program

Answer

SBA 8(a) Program

Answer

SBA Microloan Program

Answer

SBA CAPLines

Question 2

What is the primary difference between the SBIR and STTR programs?

Accepted Answer

STTR requires the small business to partner with a nonprofit research institution

Answer

SBIR is for manufacturing; STTR is for services

Answer

SBIR provides larger funding amounts than STTR

Answer

STTR is limited to veteran-owned businesses

Question 3

What is e-commerce and why is it important for small businesses?

Accepted Answer

Buying and selling products or services online, expanding market reach beyond local geography

Answer

Email marketing automation

Answer

Electronic compliance reporting

Answer

Electronic payroll processing

Question 4

What is 'cloud computing' and how does it benefit small businesses?

Accepted Answer

Delivering computing services over the internet, reducing IT costs and enabling flexibility

Answer

Weather prediction software for agricultural businesses

Answer

A government cloud storage mandate for federal contractors

Answer

A type of SBA technology loan

Question 5

What does 'cybersecurity' mean for a small business?

Accepted Answer

Protecting digital systems, networks, and data from digital attacks and unauthorized access

Answer

Installing physical security cameras

Answer

Backing up paper files electronically

Answer

Registering a domain name

Question 6

What SBA resource provides free cybersecurity guidance specifically tailored for small businesses?

Accepted Answer

SBA's online learning portal and cybersecurity resources at SBA.gov

Answer

SBA Microloan program

Answer

SCORE financial mentoring

Answer

HUBZone certification office