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The Commercialization Funding Coach, Fred Patterson, Weighs In On SBIR Funding for Small Business Ventures in Wake of NIH Exclusion
Date:2/25/2009

The Commercialization Funding Coach, Inc. proprietor, Fred Patterson, has weighed in on the future of SBIR grants in Washington, DC as a means of funding for small business ventures in the wake of SBIR grants being explicitly excluded from NIH stimulus money. Federal reauthorization or a continuing resolution is needed before March 20th, 2009.

(PRWEB) February 25, 2009 -- Looking for funding for small business ventures in these competitive economic times? The Commercialization Funding Coach, Inc. proprietor, Fred Patterson, best known as The SBIR Coach®, has weighed in on the future of SBIR (Small Business Innovation Research) funding as a viable option for startup ventures after a recent visit to talk to legislators in Washington, DC about SBIR reauthorization.



The SBIR, created in 1982, provides much needed funding to tech industry startups working on developing and bringing to market new and innovative technologies. Reauthorization of the SBIR Program is scheduled to be addressed in this session of Congress, but debate was stalled due to both the House and Senate dealing with the economic stimulus bills. Without a continuing resolution to extend the current law being signed by March 20, 2009, the future of SBIR grants may become uncertain.

Moreover, in the wake of the historic economic stimulus package passed last week, SBIR grants have been specifically excluded from access to more than $7.4 billion in stimulus funding for the NIH. "This is an unsettling precedent," comments Mr. Patterson. He adds, "The way it was done was inappropriate and underhanded. Under existing law, the NIH is obligated to include SBIR grants to small businesses in all such spending. But an exclusion provision overriding that obligation was attac
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The Commercialization Funding Coach, Fred Patterson, Weighs In On SBIR Funding for Small Business Ventures in Wake of NIH Exclusion
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