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Venture-backed firms could become eligible for federal SBIR grants

.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

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


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