As a follow-up to my post last Friday about SBIR tips (and to the comment about watching the requirements about ownership and size of the company), I wanted to point out that the Small Business Adminstration (SBA) has extended the time to comment on a proposal to change the way a business' size is calculated, particularly the participation of businesses majority-owned by Venture Capital Companies in the SBIR program. The new deadline for providing a comment is April 3, 2005.
A major source of funding for many bioscience companies is a government grant, including SBIR grants. Many companies look to receive this money when starting out because they are usually of a fairly decent size, with a possibility of receiving more money if the first phase of research goes well. Unfortunately, many companies don’t read the fine line in their grant proposals or they may not consider certain conditions that may be placed on their research beforehand. Here are a few tips to make sure your SBIR grant receives thorough consideration and to increase your chances at getting funding.
