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Biotech / Medical : VD's Model Portfolio & Discussion Thread
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To: scaram(o)uche who wrote (8729)4/7/2001 11:07:23 AM
From: Biomaven  Read Replies (1) of 9719
 
I think Rick is correct that the Phase I/II terminology doesn't apply to this grant, which looks like a straight NIH grant to a researcher at an institution.

Here's a little more on the SBIR-type grants from NIH:

Small Business Innovation Research (SBIR) Program
The SBIR program is a set-aside program designed to support innovative research conducted by small business concerns that has the potential for commercialization of the subject of the research. Innovation and the potential for commercialization are among the important factors included in the review criteria used in the scientific and technical merit evaluation process.

The National Institutes of Health (NIH) welcomes grant applications from small businesses in any biomedical or behavioral research area as described in the solicitations below. Support under the Small Business Innovation Research (SBIR) program is normally provided for six months/$100,000 for Phase I and two years/$750,000 for Phase II. However, applicants may propose longer periods of time and greater amounts of funds necessary for completion of the project.

In fiscal year (FY) 2000 (October 1, 1999-September 30, 2000), the NIH made SBIR grant and contract awards totaling $352 million. The amount available for the NIH SBIR program in FY 2001 is estimated to be $410 million, an increase of $58 million from the previous year.

Note that the Senate has proposed sharply higher NIH funding, so funding from NIH may grow significantly.

Peter
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