$15M in life science grants available

http://www.bizjournals.com/boston/stories/2008/12/29/daily12.html

Starting Jan. 1, private biotechnology companies can apply for public funds through the state’s Life Sciences initiative.

“If you are a company with a great idea who finds that the current funding environment is failing you, these grants might be a good fit for you, “ said Massachusetts Life Sciences Center President Susan Windham-Bannister.

The Massachusetts Life Sciences Center is looking for applicant companies that will create jobs, contribute to the scientific base of knowledge in the Commonwealth and improve the quality of life for citizens. State officials will also give consideration to the geographic distribution of grants around the state.

The state has $15 million dollars to hand out. The state allotted $25 million for the grants, but it was reduced due to the state budget deficit.

According to Robert Coughlin, President of the Massachusetts Biotechnology Council, the money could be just the kickstart a young company needs, “No doubt the biggest issue our industry faces in this economy is access to capital. These funds are needed and come at a crucial time,” Coughlin said.

Arizona Internet Marketing
Arizona Biotechnology Marketing
Biotechnology News