Quoting from the DBJ article by Greg Avery:"Colorado biotech and medical device companies won $23 million in federal government grants and tax credits made available under health care reform legislation.
This week, 59 Colorado companies began receiving notice they qualified for money to help fund 102 projects.
The Qualifying Therapeutic Discovery Project, overseen by the Internal Revenue Service and the U.S. Department of Health and Human Services, is part of the massive health care bill -- known as the Affordable Care Act -- passed by Congress in March.
The QTDP program offers funding to small companies creating medical therapies with the potential to reduce health care costs, create jobs or improve U.S. competitiveness.
The Colorado BioScience Association teamed with law and accounting firms in the bioscience industry to help companies apply in June."
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