The SBIR & STTR Policy directives defines innovation and research
Innovation: Something new or improved, having marketable potential, including:
(1) development of new technologies;
(2) refinement of existing technologies; or
(3) development of new applications for existing technologies.
Research or Research and Development (R/R&D). Any activity that is:
(1) A systematic, intensive study directed toward greater knowledge or understanding
of the subject studied;
(2) A systematic study directed specifically toward applying new knowledge to meet
a recognized need; or
(3) A systematic application of knowledge toward the production of useful materials,
devices, and systems or methods, including design, development, and improvement of
prototypes and new processes to meet specific requirements.
The University of Wyoming has earned its Research Level 1 (R1) status from the Carnegie Classification of Institutions of Higher Education, placing Wyoming's only four-year university with the top research universities in the United States.