ADVERTISEMENT
ADVERTISEMENT

House passes biotech funding bill

The US House of Representatives passed a linkurl:bill;http://thomas.loc.gov/cgi-bin/bdquery/z?d110:h.r.05819: yesterday (Apr 23) that extends two programs providing federal grants to early-stage biotechs and other startups with promising ideas. The bill linkurl:reauthorizes;http://www.the-scientist.com/blog/display/54441/ both the Small Business Innovation Research (SBIR) and the Small Business Technology Transfer Research (STTR) programs, which were due to sunset this year. The programs aim t

Bob Grant
Bob Grant

Bob Grant is Editor in Chief of The Scientist, where he started in 2007 as a Staff Writer.

View full profile.


Learn about our editorial policies.

The US House of Representatives passed a linkurl:bill;http://thomas.loc.gov/cgi-bin/bdquery/z?d110:h.r.05819: yesterday (Apr 23) that extends two programs providing federal grants to early-stage biotechs and other startups with promising ideas. The bill linkurl:reauthorizes;http://www.the-scientist.com/blog/display/54441/ both the Small Business Innovation Research (SBIR) and the Small Business Technology Transfer Research (STTR) programs, which were due to sunset this year. The programs aim to encourage the development and commercialization of products and technologies by small businesses, and the SBIR program granted more than $2 billion to start-ups last year. The legislation includes several enhancements to the SBIR program, for which some legislators and biotech advocates had been clamoring. First, it raises the award for a Phase I grant from $100,000 to $300,000 and ups Phase II awards from $750,000 to $2.2 million, which means more funding for high-tech, high-cost biomedical research. The bill also makes it easier for small businesses backed by venture capital to apply for...

Interested in reading more?

Become a Member of

Receive full access to more than 35 years of archives, as well as TS Digest, digital editions of The Scientist, feature stories, and much more!
Already a member?
ADVERTISEMENT