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Mass Life Sciences Center Awards Intelligent Bio-Systems with Accelerator Program Loan 01/06/2012

Posted by Morse, Barnes-Brown Pendleton in Client News.
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Massachusetts Life Sciences Center recently announced it has awarded three companies with a combined $2.2 Million as part of the Center’s Accelerator Program. The Life Sciences Accelerator Program provides loans to companies engaged in life sciences research and development, commercialization and manufacturing in Massachusetts.  MBBP client Intelligent Bio-Systems, Inc. is one of the three companies to receive an Accelerator Loan in the amount of $750,000 for its development of a patented, higher performance and lower cost next-generation DNA sequencing instrument and consumable system.

Congratulations Intelligent Bio-Systems!

For more information, please see Mass Life Sciences Center’s press release.

Mass Life Sciences Center Accepting Applications for Accelerator Loan Program 11/21/2011

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Patent Attorney David FazzolareBy: David Fazzolare

The Massachusetts Life Sciences Center recently announced that it would be accepting applications for its Life Sciences Accelerator Loan Program. The program is designed to stimulate economic growth and innovation in the Commonwealth by providing much needed capital to early-stage life sciences companies while they continue to develop their technology and attract equity financing. Under the program, companies that have not yet raised more than $7.5 million in overall equity financing may receive a loan of up to $750,000. Fourteen companies have already received more than $8 million in loans through the program. Applications are currently being accepted online through noon on December 30, 2011, and announcements of the awards will be made on April 24, 2012. Early-stage life sciences companies that have a significant potential to commercialize their technology, grow rapidly, and attract private equity financing are encouraged to apply.

Valeritas Receives Tax Incentive for Job Creation 01/19/2011

Posted by Morse, Barnes-Brown Pendleton in Client News.
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Established in 2008, the Massachusetts Life Sciences Initiative allows up to $25 million in tax incentives each year for companies doing research and development, commercialization and manufacturing in the Commonwealth. For 2011, the Mass Life Sciences Center approved $23.9 million in incentives to 30 companies to create almost 1,000 new jobs. As a result of its commercialization and manufacturing plan, MBBP client Valeritas, Inc. has been chosen to share in these tax incentives and plans to create at least 18 new jobs. Governor Deval Patrick had this to say of the program:

The Life Sciences Initiative is all about jobs and better health. These incentives help us build a stronger foundation for our economy and for healing for years to come.

For more information on the Life Sciences Tax Initiative, please visit the Mass Life Sciences Center.

SBANE to Host Small Business Matching Grant Program Session 12/21/2010

Posted by Morse, Barnes-Brown Pendleton in Events, MBBP news.
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On January 11th, the Smaller Business Association of New England (SBANE) will host a complimentary informational session by Bradley Rosenblum on the Small Business Matching Grant Program now available Massachusetts Life Sciences Center. Mr. Rosenblum will discuss the $3 million competitive solicitation for applicants of the program, which is targeted at commercialization-ready life sciences companies that have received Phase II or Post Phase II grants from federal agencies.

The event will take place Tuesday, January 11, 2011 from 8:00 AM- 9:30 AM at the offices of Morse, Barnes-Brown & Pendleton PC in Waltham. For more information, please visit SBANE.

Click here to register for the event or call 781-890-9070.

Tips for MA Life Sciences Grant Applicants 02/19/2010

Posted by Morse, Barnes-Brown Pendleton in Client News.
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The Massachusetts Life Sciences Center (MLSC) has provided a few helpful tips for applicants for the new Small Business Matching Grant Program, arising from the recent information session held with potential applicants. Most notably the MLSC reminds applicants that the program is targeted to small businesses with commercialization-ready life sciences technologies. Accordingly, applicants are encouraged to focus more on their business plans and commercialization strategies in their applications rather than on the science or technology per se. It may also be beneficial to describe how grants received tie into and support the company’s business plan.

A final information session will be held on February 23rd; click here for more information. All applications for this program are due by March 1, 2010.

Massachusetts Life Sciences Center Announces New Small Business Matching Grant Program 02/02/2010

Posted by Morse, Barnes-Brown Pendleton in Life Sciences.
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The Massachusetts Life Sciences Center (MLSC) has announced the launch of its new Small Business Matching Grant (SBMG) Program. The program is designed to support early-stage life sciences companies and grow employment opportunities, promote manufacturing and commercialization, and stimulate innovation across the Commonwealth.

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.

MLSC is targeting an FY ’10 investment of $3 million in the Small Business Matching Grant Program.

For more information on the program, please visit the Massachusetts Life Sciences Center.

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