What is SBI?

SBI most likely refers to Small Business Innovation Research (SBIR). It's a U.S. government program that encourages small businesses to engage in Federal Research/Research and Development (R/R&D) with the potential for commercialization. Through competitive awards-based programs, SBIR enables small businesses to explore their technological potential and provides the incentive to profit from its commercialization. By including qualified small businesses in the nation's R&D arena, high-tech innovation is stimulated, and the United States gains entrepreneurial spirit as it meets its specific research and development needs. Alternatively, SBI might also refer to State Bank of India, a multinational, public sector banking and financial services statutory body headquartered in Mumbai, India. It is the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market.