Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants are critical for supporting emerging biotechnology companies working on promising innovation that could lead to medical advancements and breakthroughs for patients living with debilitating diseases including cancer, HIV/AIDS and Parkinson’s.

Late last year, the SBIR/STTR grant program was reauthorized as part of the National Defense Authorization Act (HR 1540). Most importantly, this reauthorization will allow small, majority venture capital-backed companies to once again compete for SBIR/STTR funds, which will open up opportunities for emerging biotechnology companies to bring innovative medical treatments and cures to the patients who so desperately need them.

To read the full, original article click on this link: Venture Capital Critical in SBIR Implementation | BIO