WASHINGTON – MBF Bioscience located in Williston, Vt. was honored at the White House May 16 by the Small Business Administration for its research and development for the government and success in driving innovation and creating new jobs.
MBF Bioscience and 17 other companies across the U.S. were presented a Tibbetts Award, which honors outstanding small businesses and individuals who participate in the SBA’s Small Business Innovation Research program. The awards were presented by Karen Mills, SBA administrator, U.S. Senator Mary Landrieu, La., Chair of the Senate Small Business and Entrepreneurship Committee, and Rebecca Bagley, CEO and President of NorTech, a nonprofit technology-based economic development organization located in Ohio.
“The people who power our economy, make our industries more globally competitive and create new jobs are the outstanding and innovative entrepreneurs like those we honor with Tibbetts Awards,” said Mills.
According to its website, MBF Bioscience designs quantitative imaging software for stereology, neuron reconstruction and image analysis.
The award recipients are selected based on the economic impact of their technological innovation, and whether they have met federal research and development needs, encouraged diverse participation in technological innovation, and increased the commercialization of federal research. The award is named after Roland Tibbetts, who was instrumental in developing the SBIR program.
The SBIR program accounted for more than $2.5 billion in fiscal 2012 in federal research and development funds and is coordinated by the SBA in cooperation with 11 federal agencies.