Science/Tech Workers and Small Firms

Small Business Facts: Science/High-Tech Workers and Small Firms

U.S. Small Business Administration Office of Advocacy

First published March 2021

Small businesses play a special role in innovation. In 2018, 37% of high-tech workers worked for small businesses. According to the Census Bureau’s data series, Innovation Measurement Initiative, the bulk of STEM-related researchers working on funded research at universities go into the private sector after completing their research, and a significant share go on to work at small businesses.

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