Navigation Links
Kerry Extends, Improves Small Business Innovation Program

Renewing Program Key for Massachusetts Firms

WASHINGTON, Oct. 1 /PRNewswire-USNewswire/ -- Today the Senate passed the Department of Defense authorization bill with provisions secured by Senator John Kerry (D-Mass.) to extend the Small Business Innovation Research (SBIR) Program through 2010 and to increase the transition and commercialization of products developed by small firms. This critical extension will ensure that the thousands of firms that participate in the program each year, including many in Massachusetts, will not face the same delays and shut-downs of eight years ago. Massachusetts ranks second in the nation in SBIR awards, with small firms receiving more than $240 million in contracts in 2005. Over the life of the program, which Senator Edward M. Kennedy (D-Mass.) helped create, more than 10,200 Massachusetts small firms have received nearly $3 billion.

"Massachusetts small businesses are leading the country in developing technologies through the program that are helping to keep our troops safe on the battleground, improving our health care, and expanding our ability to combat global warming," said Kerry. "We need to keep this program strong, avoid any contracting delays or shut-downs, and provide more resources to rapidly transition the most promising technologies into weapons systems. I thank Senator Carl Levin and all the members of the Armed Services Committee for their leadership on these amendments and their support of this program."

"I'm pleased that the Senate has provided this extension to SBIR," said Senator Kennedy, a senior member of the Armed Services Committee. "Twenty-five years ago I helped to establish this program with Warren Rudman, and I'm glad that it will continue to offer essential support to our high-tech companies. Massachusetts is among the leading states in the nation in terms of the number and dollar value of SBIR awards, and I look forward to working with my colleagues to see that this program is reauthorized."

Kerry will be working on legislation to reauthorize the SBIR program next year, but Kerry and Levin worked to include this extension as part of the Defense bill to prevent a shut-down or delay of this important research and development program when it expires on September 30, 2008. Eight years ago the program shut-down because the program was not renewed in a timely way. The temporary extension will provide time lawmakers need to develop bipartisan legislation that will be signed into law.

The Senate also passed an amendment to build upon a pilot program that Senators Kerry and Olympia Snowe (R-Maine) created in 2005 to help firms transition their projects into commercialized products. The amendment, sponsored by Kerry and Snowe and supported by Levin, extends the pilot program through 2012 to help small firms bring their products and innovations into the marketplace.

SOURCE U.S. Senate Committee on Small Business & Entrepreneurship
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Hypertensive Drug Improves Sexual Dysfunction in Hypertensive Men
2. Collagen improves voice quality in Parkinsonism
3. Breakfast improves memory
4. A new hearing device improves hearing
5. Hormone replacement therapy improves sexual function
6. New therapy improves quality of life for cancer
7. Adding contrast improves ultrasounds ability to detect prostate cancer
8. Switching drugs regularly improves HIV treatment
9. Sage Improves Memory
10. Combination Therapy Found To Improves Stroke Recovery
11. Acupunture relieves pain and improves function in knee Osteoarthritis
Post Your Comments:
(Date:11/28/2015)... (PRWEB) , ... November 28, 2015 , ... ... exchange technology and teleradiology services, has added Chris Hafey and Claude Hooton to ... at the Radiological Society of North America (RSNA) 2015 Annual Meeting and continues ...
(Date:11/28/2015)... ... ... Trying to relax on a couch can actually be uncomfortable, so an ... due to personal experience with a bad back," he said. , This easy-to-use, versatile ... as increases support. It also makes it easier to eat, do other activities and ...
(Date:11/28/2015)... ... November 28, 2015 , ... Pixel Film Studios is back again with ... from, the possibilities are endless. Users have full control over angle of view, speed ... effects, users are sure to get heads to turn. , ProPanel: Pulse offers fully ...
(Date:11/27/2015)... ... November 27, 2015 , ... According to an article published November ... meeting in Washington D.C. revolved around the fact that proper dental care, both at-home ... stressed the link between periodontal disease (more commonly referred to as gum disease) and ...
(Date:11/27/2015)... ... 2015 , ... According to an article published November 15th by ... handling security in light of the recent terrorist attacks in Paris, other cities are ... an attack from reaching U.S. soil. Especially around special events that may be high-profile ...
Breaking Medicine News(10 mins):
(Date:11/29/2015)... 2015 CIVCO Medical Solutions will demonstrate ... Radiological Society of North America ... November 29 – December 4, 2015. The ... customers unrivaled versatility, enhanced user experience and deliver ... --> --> ...
(Date:11/27/2015)... Nov. 27, 2015  Lannett Company, Inc. (NYSE: ... completed the acquisition of Kremers Urban Pharmaceuticals Inc. ... global biopharmaceuticals company UCB S.A. (Euronext: UCB). ... has acquired KU from UCB for total consideration ... including a customary working capital adjustment, a deduction ...
(Date:11/26/2015)... Carolina , 26 november 2015 /PRNewswire/ ... (AAIPharma/CML) kondigt de geplande investering aan van ... van de laboratoria en het mondiale hoofdkantoor ... De uitbreiding zal resulteren in extra kantoorruimte ... voldaan aan de groeiende behoeften van de ...
Breaking Medicine Technology: