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research, responding to government needs, and developing applications for technology.

The Fast Track program offers a valuable tool to firms looking to attract investors because it allows the firms to offer prospective investors a means to leverage their investment. The Fast Track program does give an advantage to firms with a higher potential for commercialization and an interest in producing for the market. Firms that are interested in commercialization prior to their application for an SBIR award appear most likely to succeed as Fast Track firms. This may be because these firms are more likely to have their sights set on pursuing technological innovations that will attract market attention.

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