SBA Technology & Innovation for Small Business Flashcards
6 cards from real SBA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 SBA Technology & Innovation for Small Business flashcards as text
What SBA program provides research and development funding to small technology-driven businesses?
Answer: Small Business Innovation Research (SBIR) Program
The Small Business Innovation Research (SBIR) program funds early-stage R&D at small businesses to stimulate technological innovation and meet federal research needs.
What is the primary difference between the SBIR and STTR programs?
Answer: STTR requires the small business to partner with a nonprofit research institution
The Small Business Technology Transfer (STTR) program requires a formal collaboration between the small business and a nonprofit research institution such as a university.
What is e-commerce and why is it important for small businesses?
Answer: Buying and selling products or services online, expanding market reach beyond local geography
E-commerce enables small businesses to sell products and services online, dramatically expanding their customer reach beyond local markets to national or global audiences.
What is 'cloud computing' and how does it benefit small businesses?
Answer: Delivering computing services over the internet, reducing IT costs and enabling flexibility
Cloud computing delivers IT resources like storage, software, and computing power over the internet, allowing small businesses to access enterprise-grade tools without large capital investments.
What does 'cybersecurity' mean for a small business?
Answer: Protecting digital systems, networks, and data from digital attacks and unauthorized access
Cybersecurity encompasses the practices, technologies, and processes used to protect a business's digital assets, networks, and customer data from cyber threats.
What SBA resource provides free cybersecurity guidance specifically tailored for small businesses?
Answer: SBA's online learning portal and cybersecurity resources at SBA.gov
SBA.gov provides free cybersecurity resources, courses, and guidance specifically designed to help small businesses protect themselves from digital threats.
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