Federal grants for VC-backed firms
This article was originally published in The Gray Sheet
Executive Summary
Small venture capital-backed companies will be eligible to compete for up to 25% of Small Business Innovation Research grants under an amendment to the "Small Business Administration Reauthorization Act." The Senate Small Business & Entrepreneurship Committee on July 27 approved the amendment, offered by Sen. Kit Bond (R-Mo.). The amendment is "compromise language," says Bond, who introduced the "Save America's Biotechnology Innovation Research Act" (S 1263) in response to a 2004 Small Business Administration regulation making companies that are 51% or more VC-backed ineligible for SBIR grants...