Financing Your Life Science Startup With SBIR Phase I Funds From the NIH

With this write-up, I wish to succinctly answer that question and even more importantly to clarify why Small Organisation Advancement Research Study (SBIR) is an excellent method for someone thinking about the life sciences to money a business rate of interest. Once a life researcher establishes a tiny for-profit organisation, SBIR funds can support the creation of a technological service to an unmet requirement in the life sciences. This article focuses solely on the NIH’s SBIR program and specifically Phase I of SBIR funding which is the most rudimentary as well as easiest means to accomplish financing.