facebook
twitter
rss
account
search
search
 

Mass. lobbies for biotech firm grants

March 24, 2006 at 3:28 PM   |   Comments

BOSTON, March 24 (UPI) -- Massachusetts officials are lobbying for a federal law that would permit small biotech companies to compete for government research grants.

Guidelines enacted in 2003 disqualify many small biotech firms with fewer than 500 employees across New England from receiving Small Business Innovation Research grants, the Boston Globe reported Friday.

"SBIR grants have been essential for Massachusetts' leadership in biotechnology," said U.S. Sens. Edward M. Kennedy, and John F. Kerry, both Massachusetts Democrats, in requesting that the Government Accountability Office "look into the ownership issue."

Rep. Michael E. Capuano, D-Mass., has co-sponsored the pending legislation, entitled the Save America's Biotechnology Innovative Research Act, originally proposed by two GOP lawmakers from Missouri, Sen. Christopher Bond and Rep. Sam Graves.

"The future of my district is going to be built on the small business that is cutting edge," Capuano told the Globe in an interview. "These are not tool-and-dye shops trying to get started. These companies need a lot of money to help."

© 2006 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
New dinosaur species with giant nose discovered in Utah New dinosaur species with giant nose discovered in Utah
2
Perth's first iPhone buyer immediately drops brand new phone on live TV Perth's first iPhone buyer immediately drops brand new phone on live TV
3
Android phones to join iPhone in saying no to the police Android phones to join iPhone in saying no to the police
4
Only 5 billion years until Andromeda Galaxy eats Milky Way Only 5 billion years until Andromeda Galaxy eats Milky Way
5
BYU electric car breaks another land speed record BYU electric car breaks another land speed record
Trending News
Video
x
Feedback