BIO Welcomes Senate Passage of SBIR Program Reauthorization
SBIR grants are critical for supporting small companies with promising scientific innovation to continue critical research and development of medical advancements and breakthroughs.
The Biotechnology Industry Organization (BIO) strongly supports passage of the National Defense Authorization Act (S. 1867), because it includes the SBIR reauthorization Senate Amendment 1115.
BIO President and CEO Jim Greenwood commented in a statement,"Through the passage of this Act, the Senate has voted to extend the SBIR program, which provides critical funding for the development of innovative medical therapies for Cancer, Diabetes and HIV. SBIR grants are critical for supporting small companies with promising scientific innovation to continue critical research and development of medical advancements and breakthroughs. At the very earliest stages of development, other sources of financing such as SBIR grants have been instrumental in advancing research and development in biotechnology."
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