The Mass. Life Sciences Center today began accepting applications for a $3.8 million matching grant program aimed increasing industry-sponsored research at academic institutions in the Commonwealth.
The quasi-public agency said it will provide matching grants of up to $500,000 designed to accelerate research that leads to commercially viable, life-saving therapies and economic gains for the state.
Mass. Life Sciences Center CEO Susan Windham Bannister said in a prepared release that the Cooperative Research Matching Grants can be a springboard for new technologies. Unlike its accelerator loan program, which the center used to award about $3 million to local life science firms, these awards do not contain any payback provisions.
Not-for-profit research institutions can submit their applications at the the organization’s website. The deadline for submissions is Jan. 28, 2011.
The first round of MLSC cooperative research grants was awarded in Dec. 2008. The organization is predicting that these awards will go out by June 2011.