Main Subject - Finance

Grants are not Benefits or Entitlements. A Federal Grant is an award of financial assistance from a Federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. Grants are not

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

Federal assistance or loans to individuals.

If you are an organization looking for a government grant be sure and go to grants.gov. Grants.gov is your source to FIND and APPLY for Federal government grants. There are over 1,000 grant progra

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

s offered by all Federal grant making agencies. The U.S. Department of Health and Human Services is proud to be the managing partner for Grants.gov, an initiative that is having an unparalleled impact on the grant community. Grants.gov allows

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

organizations to electronically find and apply for more than $400 billion in Federal grants.

Many government grants can be applied for only when they are announced in the Federal Register, or only during a small window of time once a year. T

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

e fact is that there are thousands of grants available, but they are primarily through the federal government to encourage research and development or human-resource services. Be prepared.. it often takes a lot of work to apply for a grant.

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

here are very few grants available for starting or expanding a business unless the business involves research and development or high technology. Hundreds of grants have caveats, such as:

1. You must compete with hundreds of other companies.

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

It often takes a lot of work to apply for a grant.

2. The money must be used for a very specific purpose. (You may not be able to pay your rent or mortgage with that money).

3. You can explore the the list of Federal Grant Resources

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

but you'll soon realize that most grants are not available for the typical business.

4. You often have to report on your use of the money, or follow particular rules.

5. You'll need a good business plan and the accurate numbers to

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

how that what you’re proposing will work. Especially in the realm of government grants, be prepared with numbers relating to cost of insurance, other funding sources you have or are seeking, and ways in which what you propose will comply with

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

Uncle Sam's goals.

If you are searching for money to start a new business here are some suggestions:

Private loans and investments from relatives and acquaintances are often a good source of raising start-up capital, when a business is too

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

mall or unproven to qualify for commercial lending.

Ever hear the phrase" Caveat Emptor"? It means let the buyer beware. It's sound advice when looking for "Free Grant Money" on the web. One of the all time favorite scams of scam artists are

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

the Free Money Grant Sites. It’s important that you be well informed as to these unscrupulous operators. Here are a few tips on how to avoid being "Ripped Off'.

1. Charging an up-from fee. Its illegal

2. Don't give your personal inform

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

tion to someone who calls. Be sure and ask for the caller’s telephone number, name of organization and most important the location of the organization the caller represents. Make sure they are the real thing by checking phone books, the web a

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

d Better Business Bureaus (BBB).

3. Be sure and get their proposal in writing by snail- mail or e-mail.

4. Watch for web sites with broken links, a dead giveaway the site is run by scammers.

5. The promoters offer no refunds. I

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

they can't guarantee your satisfaction they are only interested in lining their own pockets.

Try These new Small Business Grant Offerings from the government:

2/15/2007 Wood Education and Resource Center Competitive Grants Program for Fisc

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

l Year 2007 Forest Service USDA-FS-WERC-2007

07/29/2005 SBDC Renewal for Current Recipient Organizations - FY-06 Small Business Administration OSBDC-2006-01

02/01/2007 Small Business Innovation Research CSREES USDA-CSREES-SBIR-00010

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

08/18/2006 Micro and Small Enterprise Trade-Led Growth Program Peru USAID-Lima USAID-BRAZIL-EG-06-001-RFA

Finding the Grant Source is only the first stage. Writing the grant proposal will be the most basic thing that you do. Successful gra

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

t writing involves the coordination of several activities, including planning, searching for data and resources, writing and packaging a proposal, submitting a proposal to a funder, and follow-up. Good Grant Writing Software should be a basic

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

tool in your quest for your Government Grant.

Access America is a veritable "one-stop-shop" of government-wide Web portals covering virtually any Federal service or information source

Catalog of Federal Domestic Assistance is the premier so

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

rce for information on government loans, grants or other monies. Tip: if you find a useful program listing, remember to visit the overseeing agency's home page for more information. Check the Nonprofit Gateway's convenient collection of links

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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