• Join your peers at SSTI's 2024 Annual Conference!

    Join us December 10-12 in Arizona to connect with and learn from your peers working around the country to strengthen their regional innovation economies. Visit ssticonference.org for more information and to register today.

  • Become an SSTI Member

    As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies.  Learn more about membership...

  • Subscribe to the SSTI Weekly Digest

    Each week, the SSTI Weekly Digest delivers the latest breaking news and expert analysis of critical issues affecting the tech-based economic development community. Subscribe today!

Larta Institute to Manage $2.5M NIH Commercialization Efforts

July 26, 2004

The National Institutes of Health (NIH), the largest federal funding source for life sciences research conducted by small tech firms, has selected the Larta Institute to manage its nationwide Commercialization Assistance Program. The multi-year $2.5 million award will target Phase II recipients of the NIH Small Business Innovation Research and Small Business Technology Transfer Programs (SBIR/STTR).

"NIH is interested in seeing products derived from SBIR funding make their way into the marketplace for the benefit of the American people," said Jo Anne Goodnight, NIH SBIR/STTR Program Coordinator. "We are committed not only to supporting high quality research through NIH SBIR awards, but to investing in the long-term success of our SBIR-winners."

Los Angeles-based Larta, will provide assistance in all aspects of commercialization, including: business development, funding and capital acquisition, government regulatory processes, intellectual property protection, licensing strategies, and merger and acquisition opportunities.

The new program will involve a combination of training workshops, individual mentoring and consulting sessions, and public events in which companies present their technologies to the biomedical and biotechnology investment communities.

Larta Institute also will select a team of advisors from its professional network to work with companies participating in the program. Advisors will draw upon their ongoing relationships and contacts with private equity investors, industry partners and other resources necessary for successful commercialization.

More information is available through Larta at http://www.larta.org. More information on the NIH SBIR/STTR program, which has an Aug. 1 deadline approaching for Phase I research proposals, is available at: http://grants.nih.gov/grants/funding/sbir.htm