Massachusetts hands out $3 million in life sciences grants
The board of the Massachusetts Life Sciences Center, a quasi-public agency formed to oversee the state’s $1 billion life sciences initiative, today approved up to $3 million in new matching grants to small businesses in 2010.
Under its new small-business matching grant program, the center will give as much as $500,000 to start-up biotechnology, medical device, and diagnostic companies that have received federal funding from agencies such as the National Institutes of Health, the National Science Foundation, or the Department of Defense.
The center said it will focus on emerging life sciences businesses with production-ready products and high potential to create jobs in Massachusetts. It will begin accepting online applications for the grants on Feb 1 through its website, www.masslifesciences.org.
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