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Home » Mass. Life Sciences Center doles out $1.5 million

Mass. Life Sciences Center doles out $1.5 million

June 1, 2010 By MassDevice staff

MLSC logo

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.

Filed Under: Business/Financial News, News Well Tagged With: Industry Council, Mass. Life Sciences Center (MLSC)

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