Cancer Insight Helps Biotech Startups Win over $31M in CPRIT Funding
Developing new drug therapies for cancer treatment can be difficult, expensive, and take years before successfully reaching the U.S. market. Where do biotech companies find funding to support research and development?Many researchers apply for federal grants out of the $2.5 billion annually set aside for the U.S. Small Business Innovation Research Program, also known as SBIR, and the Small Business Technology Transfer program, or STTR. These two initiatives are the largest source of federally funded early-stage, high-risk funding for startup companies.Read more: What You Should Know about Non-Diluting Federal SBIR, STTR FundingThe state of Texas also contributes early-stage funding from the Cancer Prevention and Research Institute of Texas (CPRIT) for bioscience economic devel...
