About $980 million of seed money is available for small aspiring businesses with innovative ideas for promising life-saving technology though US Department of Health and Human Services (HHS).
Dr. Walter Koroshetz, director of the National Institute of Neurological Disorders and Stroke (NINDS), goes on the road to Milwaukee next month to talk to scientists and their business partners about the $980 million in seed money at HHS—mostly through NIH — available for aspiring small businesses with innovative ideas for promising life-saving technology.
“One cannot predict where the next great idea will come from. We want to find the best science,” added Stephanie Fertig, director of NINDS small-business programs. “We want to increase representation of those who have been under represented.”
The seed money is allotted for small aspiring businesses with innovative ideas for promising life-saving technology. Koroshetz sees it like a two-part process: He says NIH has robust programs to recruit minority and women scientists, and, then through Small Business Innovation Research (SBIR) grants, helps those with an entrepreneurial bent to get their businesses off the ground. “To get the science to the patient, there has to be a handoff to a commercial entity. These grants help get science out of the lab,” he said.
For more details, see https://news.nnlm.gov/bhic/akd2