Montgomery County Awards 12 Small Business Matching Grants

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Montgomery County has awarded a total of $425,000 in matching grants to 12 small companies who applied for the County’s new Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Matching Grant Program.

In order to qualify, eligible companies must have been awarded a SBIR or STTR Phase 1 or Phase II grant during the current calendar year by the National Institutes of Health (NIH), and 51 percent of research and development operations must be conducted in Montgomery County.

“I applaud the County Council’s leadership in supporting the growth of our early-stage biotech companies by creating this matching fund,” said County Executive Ike Leggett. “It builds on the County’s consistent support over the years to ensure Montgomery County is a national and global leader in leveraging our biomedical R & D assets to grow companies and jobs while saving and improving lives.”

Under the County’s program, companies are eligible to receive a... more

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