Small Business Matching Grant Program
The primary objective of the Small Business Matching Grant Program (SBMG) is to provide grants to commercialization-ready life sciences and technology companies that have received at least the equivalent of a Phase II Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) grant from federal agencies such as the National Institutes of Health (NIH), National Science Foundation (NSF), Department of Defense (DOD), etc.
Target applicants are emerging life sciences companies whose products are production-ready and have high potential for market adoption and penetration, are poised for rapid growth that will create jobs in the Commonwealth, and are positioned for additional financing.
In previous rounds, MLSC grants provided matching support capped at $500,000 per company to Phase II or Post Phase II SBIR or STTR grants already awarded to applicant companies. Through the SBMG Program grants, the MLSC will help companies that have developed now commercialization-ready technologies reach production and create jobs in the Commonwealth.
Program to Date
Through three rounds of this program the MLSC has awarded eight companies $4 million. The program reflects the MLSC’s ongoing commitment to supporting early-stage life sciences companies that will grow employment opportunities, promote manufacturing and commercialization, and stimulate innovation across the Commonwealth.
- Must have been awarded a Phase II, post Phase II, or equivalent small business innovation research (SBIR) or small business technology transfer (STTR) grant from a federal agency within the prior seven (7) years (for the next round of this program, the seven years prior will be determined by the year of the application deadline).
- Must be small businesses, as defined by the U.S. Small Business Administration (SBA). Visit this link to determine if your company qualifies as a small business.
- Other eligibility requirements will be posted when the next round is launched.