Life Science Washington Institute and Washington State Department of Commerce Award $500,000 to Life Science Startups
Life Science Washington Institute and the Washington State Department of Commerce awarded $500,000 in grants to organizations dedicated to creating innovative healthcare solutions. The grants target entrepreneurial companies in early stages of development, and primary consideration was granted to organizations that met one of the following criteria: women-led companies; companies facing social or economic challenges; or companies located outside of King County.
The grants, a $25,000 SBIR/STTR Matching Fund Grant and a Washington Competes Grant are intended to provide financial support to young companies and encourage the advancement of healthcare products and technologies.
“Life Science Washington Institute is proud to announce the grant recipients as part of our ongoing commitment to supporting the next generation of life sciences innovators,” said Richard Giersch, Life Science Washington Institute’s executive director. “In addition to the funding, the Life Science Washington Institute will offer technical assistance to all of the applicants and award recipients as they work to improve the health of Washington residents.”