The Massachusetts Life Sciences Center opened submissions for its 2011 tax incentive program this month, through which it will offer up to $25 million in rewards to companies engaged in life sciences research and development, commercialization and manufacturing in the Bay State.
MLSC is a quasi-public created by Mass. State legislature in 2006, tasked with administering the $1 billion allocated by Gov. Deval Patrick's life sciences bill.
"The Program addresses the significant capital expenditures associated with the life sciences R&D cycle and the high costs of translating research into commercially viable products," according to the center's website. "To qualify, companies must receive certification from the Center and must demonstrate both the scientific and economic merit of their expansion plans."
To read the full, original article click on this link: Mass. Life Sciences launches 2011 tax incentive program | MassDevice - Medical Device Industry News
