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.