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Washington DC - As the global economy continues to struggle through the COVID-19 pandemic, the National Institutes of Health (NIH) has released an interactive online tool for discovering success stories of small business innovation and entrepreneurship. Showcasing several of the businesses that have successfully leveraged NIH small business funding — totaling more than $1 billion annually — to develop healthcare products and services, NIH’s Small Business Education and Entrepreneurial Development (SEED) office hopes that the tool will inspire others to start businesses and develop their technologies.
The tool allows users to search for companies based on the stage of development, funding institute, women and minority owned business, and others. Highlighting companies that have successfully developed, or are developing, new technologies will also inform potential investors and venture capitalists about the importance of NIH in strengthening companies and their technologies as they move towards commercialization.
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