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Non-Dilutive Financing and Government Funding Report

IBIO has partnered to provide support and monthly reports on non-dilutive financing and government funding for entrepreneurs and researchers running startups in Illinois.

Every month we will release a comprehensive list of non-dilutive government funding opportunities. We will also be offering regular updates and webinars for new funding sources, agency priorities, conferences where companies can present and meet program managers, advice on how to build those relationships and insights on the process.

To stay updated on these opportunities and other community programs and news, subscribe to iBIO’s Daily NewsBrief:

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Illinois Startup Medtech Companies Visit Capital Hill

 

Last week, iBIO organized a trip to Washington for Illinois medical technology (MedTech) companies to meet with lawmakers and discuss how they can work together to provide patients greater access to next generation, life-saving products.

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Horizon Pharma Supports iBIO Charitable Programs to Diversify the STEM Pipeline

Today, iBIO announced that Horizon Pharma, a global biopharmaceutical company, has made a donation to support iBIO’s Charitable Programs working to diversify the STEM talent pipeline. The donation will support two main programs focused on increasing interest in STEM in underserved communities for girls grades 3-8.

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StellarGirls NSF Partnership with SIUE

The Exploring Global Challenges partnership with Southern Illinois University is funded by the National Science Foundation and is building computational thinking into the StellarGirls Program. The partnership was featured in the East St. Louis news: STEM+C After-School Initiative inspires minority girls to solve global challenges

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Enhance your bottom line – reinvest in your research.

Our broad portfolio of cost-saving programs keeps costs down so that companies can reinvest in
themselves! As the largest cost-savings program in the life sciences industry, BIO Business Solutions®™
offers iBIO members exclusive access to savings on the products and services you need to run a successful
biotech enterprise. Our programs are designed to save you time and money so you can focus your
resources on your research efforts. Don’t just take out word for it—Hear how BIO Business Solutions®
helped one BIO member save on business essentials!

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HB 2026 DIGITAL FAIR REPAIR ACT – OPPOSE

Sponsor: Rep. Michelle Mussman (D)

Track Bill

Summary

Creates the Digital Fair Repair Act. Provides that original equipment manufacturers shall: (i) make available to any independent repair provider or owner of equipment manufactured by the original equipment manufacturer the same diagnostic and repair documentation in the same manner as that information is made available to the manufacturer’s authorized repair providers; and (ii) make available for purchase by the owner, his or her authorized agent, or any independent repair provider parts, inclusive of any updates to the embedded software of the parts, upon fair and reasonable terms. Requires original equipment manufacturers to make available for purchase by owners and independent repair providers all diagnostic repair tools incorporating the same diagnostic, repair, and remote communications capabilities that the original equipment manufacturer makes available to its own repair or engineering staff or an authorized repair provider. Requires an independent repair provider that purchases or acquires embedded software or service parts to notify the owner of the equipment in writing of certain warranties prior to performing any services on digital electronic equipment. Provides that, with one exception, an authorized provider shall have all the rights and remedies provided under the Act. Authorizes the Attorney General to seek to enjoin violations and to recover civil penalties. Requires the Attorney General to establish an outreach program to inform the public of rights under the Act. Defines terms. Excludes motor vehicle manufacturers. Provides for recovery of damages and attorney’s fees. Provides for the protection of trade secrets. Effective January 1, 2020.

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IL ­ SB123 INC TAX­R AND D CREDIT – SUPPORT

Primary Sponsor: Senator Julie A. Morrison (D)

Track Bill

Summary:

Amends the Illinois Income Tax Act. Provides that the research and development credit applies on a permanent basis. Effective immediately.

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IL ­ HB1470 MEDICAL DEVICE SAFETY – OPPOSE

Primary Sponsor: Representative Mary E. Flowers (D)

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Summary:

Creates the Medical Device Safety Act. Provides that (i) all medical devices to be used by, surgically applied to, or surgically implanted within a patient be under warranty, regardless of the severity of the patient’s medical condition necessitating the device, (ii) all persons and entities that produce, sell, offer for sale, or provide medical devices to be used by, surgically applied to, or surgically implanted within a patient are liable for all costs to the patient for the replacement of each medical device if the medical device malfunctions due to no fault of the patient, and (iii) all hospitals and ambulatory surgical treatment centers shall waive the costs charged to patients for follow­up surgeries that result from defective medical devices, regardless of whether or not those defective medical devices are capable of being implanted. Amends the University of Illinois Hospital Act, the Ambulatory Surgical Treatment Center Act, and the Hospital Licensing Act. Requires that the University of Illinois Hospital, all ambulatory surgical treatment centers, and all hospitals licensed under the Hospital Licensing Act waive the costs charged to patients for follow­up surgeries that result from previous surgical errors. Effective immediately.

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IL ­ HB1441 IMPORTED PRESCRIPTION DRUGS – OPPOSE

Primary Sponsor: Representative Anna Moeller (D)

Track Bill

Summary

Creates the Wholesale Importation of Prescription Drugs Act. Requires the Department of Public Health to design an importation program where the State is the licensed wholesaler of imported drugs from licensed, regulated Canadian suppliers. Requires the program to address specified issues, including billing issues, cost savings issues, and safety and regulatory issues. Contains auditing and reporting requirements. Provides that the Department shall enlist the assistance of the Attorney General to identify the potential for anti­competitive behavior in industries that would be affected by an importation program. Requires the Department to submit a formal request to the Secretary of the United States Department of Health and Human Services for certification of the importation program. Requires the Department to have the program operational within 6 months after receiving the certification. Contains provisions concerning implementation requirements.

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IL ­ HB349 DRUG AND SHARPS WASTE PROGRAM – OPPOSE

Creates the Drug and Sharps Waste Stewardship Act. Directs the Environmental Protection

Agency to administer a drug and sharps waste stewardship program.
Last Action: Referred to Rules Committee (January 14, 2019)
Primary Sponsor: Representative Kelly M. Cassidy (D)

Track Bill

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