According to Money Tree report of Price water Cooper house there was 33% decline in the funding for life sciences industry in Q4 of year 2008 and number of deals count also reduced to 185 deals which is 22% less from Q3 of 2008. After this huge economic melt down in Q3 of 2008, federal administration in United States has been planning for Stimulus package for life sciences industry based VC's. And yesterday a report was published about this stimulus package for life sciences industry based VC’s.There are many criteria’s to be followed for applying for this stimulus package.
Each VC firm will be entitled to receive federal money based on the size of the funds that it manages and those VC firms are only eligible which are managing funds of more than $30 Million and have been operating their business for at least last 5 years.
The VC stimulus fund will be implemented by Department of the Treasury, the Department of Commerce, or another federal agency capable of managing the program.
Note: For this Program the federal government will not use its power to influence investment decisions made by VC firms which accept stimulus package. All investment decisions and strategies will be previewed by the general partners managing the government-backed firms.
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