Numerica has received the 2011 Tibbetts Award from the U.S. Small Business Administration (SBA) at a ceremony this morning in the nation’s capitol, followed by a reception at the White House.
The Tibbetts Award honors companies from across the country that exemplify the very best in the SBA’s Small Business
Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Numerica is one of only 44
Tibbetts Award winners nationwide. Winning companies were selected based on exceptional innovation, national
research and development (R&D) advancement, job and revenue growth, and broader benefits to their economic
According to the National Small Business Association, the SBIR program was enacted by Congress in 1982 as a way to
meet the nation’s growing technology needs using the proven innovative power of small, technology-based companies.
Since that time, the SBIR program has been renewed by Congress five times, is hailed as the nation’s largest source of
early-stage R&D funding, is responsible for more than 50,000 patents and now generates new patents at the
astonishing pace of seven per day. In 1992, Congress established the STTR program, which is similar in structure to SBIR
but funds cooperative R&D projects involving small businesses and nonprofit or academic research institutions.
Numerica has been awarded four STTR and 63 SBIR Phase I and II government contracts since 2002, directly supporting
a rich collaboration between industry and academic partners and speeding the transition from research to application.
Fueled in part with support from the SBIR program, Numerica has achieved double-digit primary job growth at the
company’s three locations in Loveland, Colo., Dayton, Ohio, and Pasadena, Calif., and 154 percent revenue growth over
the last four years.
“This is a proud day not only for Numerica Corporation, but also for Northern Colorado,” said Sean Greene, Associate
Administrator for Investment and Senior Advisor for Innovation at the SBA. “Companies like Numerica represent the
best in American ingenuity.”
Congressman Cory Gardner (R-CO) offered Numerica his congratulations. “Innovative businesses, like Numerica, reflect
the entrepreneurial strength and spirit of Northern Colorado,” said Gardner. “It is my hope that Numerica continues
bringing together some of the best and brightest minds to solve our nation’s most difficult scientific problems.”
“The SBIR program provides Numerica and other small businesses the opportunity to make profound scientific
advances that serve as the foundation for solutions we transition to our customers,” said Numerica President Jeff
Poore. “Being selected as a 2011 Tibbetts Award winner is a proud moment for our entire team – employees and
collaborators alike. The SBIR program’s support of our research will serve as a cornerstone of Numerica’s success for
years to come.”