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Venture-backed firms could become eligible for federal SBIR grants

Madison, Wis. - Members of the small business community fear that changing the legal framework for companies receiving certain federal grants could stifle research.

The U.S. House Small Business Committee will soon consider a proposal that would give small companies majority-owned by venture capital firms eligibility for Small Business Inn......

Full article >>> .S. Small Business Administration ditched a broader interpretation of the law and began requiring 51 percent ownership by "natural persons."

These biotech firms, which ordinarily require significant amounts of venture capital funding to determine early success or failure of products, have since sought to reverse the ruling.

With the support of the
With the rule change in place, small high-tech companies that attract between $5 million and $10 million in VC backing, the prevalent type in Wisconsin, "can enter into the SBIR world and it will be a tremendous aid for them," Curry added.

Winslow Sargeant, ......

Full article >>> f `bio' folks in this state that didn't respond to BIO's plea."

Related links

SBIR Gateway: an SBIR information site

(Provided by Zyn Systems, a technology and management consulting firm)

Wisconsin FAST: a federal and state business ......

Full article >>>
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Source:wistechnology.com By Chris Fleissner 09/11/06


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