SBA Allows PE-Backed Firms Access To Tech Grant Program

Law360, New York (July 27, 2012, 9:06 PM EDT) -- The U.S. Small Business Administration made public two amendments on Thursday implementing 2011 amendments to the its small business technology loan program, including a safe harbor for small companies backed by private funds.

Among other things, the SBA published new eligibility standards for companies seeking to receive loans under the Small Business Technology Transfer Policy Directive, or STTR, a program allowing small businesses to partner with nonprofit research institutions to receive federal research and development funding. Companies can use the funds to manufacture and market early...
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