Massachusetts Life Sciences Center Launches Small Business Matching Grant Program
Written by: Lisa KingThursday, January 28th, 2010 | Industry News and Innovations
The Massachusetts Life Sciences Center has launched its new Small Business Matching Grant (SBMG) Program.
The primary objective of the SBMG is to provide grants to commercialization-ready life sciences companies that have received at least the equivalent of a Phase II small business innovation research (SBIR) or small business technology transfer (STTR) grant from federal agencies such as the National Institutes of Health (NIH), National Science Foundation (NSF), Department of Defense (DOD), etc.
Grants will provide “matching” support – capped at $500,000 per company — to Phase II or Post Phase II SBIR or STTR grants already received by applicant companies. Through the SBMG Program grants, the Massachusetts Life Sciences Center will help companies that have developed new commercialization-ready technologies reach production and create jobs Massachusetts.
Target applicants are emerging life sciences companies whose products are production-ready and have high potential for market adoption and penetration, are poised for rapid growth that will create jobs in the Commonwealth, and are positioned for additional financing.
For full details or to apply click here. Online applications will be accepted starting on February 1, 2010. The Center will be offering information sessions for interested applicants on February 11, 2010 and February 25, 2010.
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