For the first time in 10 years, startup companies majority-owned by venture capital funds are eligible again for hundreds of millions of dollars in research grants available to small businesses each year.
Legislation, buried in a national defense spending bill adopted on Dec. 30, allows federal agencies to award a portion of their Small Business Innovation Research (SBIR) grants to VC-backed startups.
It’s a reversal of a 10-year-old policy that excluded firms that were more than 50 percent owned by VC investors.
To read the full, original article click on this link: VC-backed startups now free to chase SBIR grant money - Denver Business Journal
