SBIR Grants Exclude VC-Backed Startups

This editorial from The Seattle Times calls for changes in the SBIR program stating:

"The Bush administration is interpreting a federal rule governing small-business innovation research grants in a way that hurts biotech and high-tech startups.

Directed by the White House, the Small Business Administration began in 2001 excluding such com-panies from receiving small-business grants if 49 percent or more of their funding came from venture capital. "

Via Moreover Technologies