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Life sciences agency to invest $25M in Massachusetts projects

The quasi-public agency charged with super-charging the Massachusetts life sciences scene has $25 million to give away for capital projects. The Mass. Life Sciences Center is seeking solicitations from government and non-profit entities interested in tapping the $25 million it has on hand for development projects with a high potential for creating jobs in the life sciences sector.

The Mass. Life Sciences Center is asking for pitches for development projects around the Commonwealth for a round of capital grants totaling up to $25 million; Mass. governor Deval Patrick inks an innovation deal with Israel.

The quasi-public agency charged with super-charging the Massachusetts life sciences scene has $25 million to give away for capital projects.

The Mass. Life Sciences Center is seeking solicitations from government and non-profit entities interested in tapping the $25 million it has on hand for development projects with a high potential for creating jobs in the life sciences sector.

Applications for the first round of the selection process may be submitted online until 3:00 p.m. April 29.

The program is part of the Bay State’s 10-year, $1 billion life sciences initiative. Capital funds make up half of the initiative’s resources.

Since its 2008 inception, the MLSC has committed $131 million to six capital projects, which it expects to create more than 1,000 permanent jobs, MLSC CEO Susan Windham-Bannister said in prepared remarks.

Gov. Deval Patrick, who made the life sciences initiative a key plank during his first run for the corner office on Beacon Hill, today signed an agreement with Israel to encourage innovation partnerships with that country.

The deal formalized a relationship between the Massachusetts International Trade Office and Israel’s Office of the Chief Scientist, allowing the agencies to seek partnerships between organizations such as the MLSC and similar initiatives in Israel.

“Today, we take a new step that will ensure our mutual prosperity and leverage the talents of our uniquely skilled workforces,” Patrick said in prepared remarks.

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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