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SBIR grant interpretation hinders research

August 1, 2005 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

BIOTECHNOLOGY companies around the nation are working to develop new therapies for diseases such as cancer, Alzheimer’s and Parkinson’s, to name just a few.

Federal government officials at the Small Business Administration (SBA) in Washington are standing in the way of this medical innovation.

In 2003, the SBA changed its interpretation of eligibility requirements for Small Business Innovation Research (SBIR) grants.

Under the new interpretation, companies that are 51 percent owned by a group of venture- capital firms are no longer eligible for SBIR grants. Since this new interpretation prevents most innovative biotech companies from receiving crucial start-up money, this has potentially devastating effects on the future of the industry.

By James C. Greenwood

Full Story: http://www.pasadenastarnews.com/Stories/0,1413,206~11851~2989867,00.html

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Big Sky Commerce is an integrated provider of merchant credit card transaction processing services, check processing services, Internet payment gateways, related software application products and value-added services.

Montana Bioscience Cluster Initiative - Collaborative program design and execution and integrated programs fostering innovation, technology commercialization, entrepreneurship and sustainable small businesses

As the hub of learning, creativity and innovation in Northwest Montana, Flathead Valley Community College is expanding
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