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Mass. Life Sciences Center doles out $1.5 million

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Three companies received $500,000 grants from the Mass. Life Sciences Center.

The quasi-public agency awarded the grants to Cambridge, Mass.-based Boston Biochem Inc. and Tetragenetics Inc. and Somerville, Mass.-based Thermedical Inc. to help fund research and development, commercialization and manufacturing. The awards match a federal small business grant each company had previously been awarded.

The program is part of the Commonwealth’s 10-year, $1 billion life sciences initiative, which has not been touched by recent cutbacks to the agency’s budget.

The grants represent the first round of the Center’s $3 million Small Business Matching Grant program, which the agency began accepting applications for in February 2010.

In May, the organization began the 2010 round for its life sciences tax incentive.

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