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Massachusetts life science funding agency announces small business grants

The quasi-public agency plans to dole out up to $3 million in grants of up to $500,000 each that match Phase II or post-Phase II small business innovation research or small business technology transfer grants from federal agencies.

The Mass. Life Sciences Center, a quasi-public agency that oversees state dollars allocated toward increasing the life sciences industry’s footprint in the Bay State, announced the second year of its small business matching grants program.

The quasi-public agency plans to dole out up to $3 million in grants of up to $500,000 each that match Phase II or post-Phase II small business innovation research or small business technology transfer grants from federal agencies.

The application process is open to life science companies with commercialization-ready technologies. The agency intends to begin accepting applications tomorrow; companies can apply for the grants online until 1:00 p.m. Feb. 14.

Last year’s SBMG recipients included Cambridge, Mass.-based Boston Biochem Inc. and Tetragenetics Inc. and Somerville, Mass.-based Thermedical Inc.

The center doled out $24 million worth of tax incentives Dec. 23 to 30 life science companies in the Bay State, aimed at fostering the creation of nearly 1,000 new jobs here.

The program is part of the Commonwealth’s 10-year life sciences initiative.

The Massachusetts Medical Devices Journal is the online journal of the medical devices industry in the Commonwealth and New England, providing day-to-day coverage of the devices that save lives, the people behind them, and the burgeoning trends and developments within the industry.

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