Monday, January 11, 2016

MedHab Gets Texas Higher Education Grants

Four years ago San Angelo's City Council voted for a $3.6 million economic development package for MedHab LLC.  The money would go toward creating up to 227 jobs.

The Standard Times reported on January 3, 2012:

According to a city memo, its first product will hit the market in Australia in June, "with a launch in the U.S. as soon as they receive final FDA (Food and Drug Administration) approval."
Four years later MedHab remains firmly in the research phase while it continues to raise capital.

Instead of 227 jobs in San Angelo Medhab has 15 company wide.  The company's main address is 1120 South Freeway, Fort Worth.  Data on the number of employees came from a Small Business Innovation Research spreadsheet dated 1-1-2016.  The SBIR website states:

The Small Business Innovation Research (SBIR) program is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization. Through a competitive awards-based program, SBIR enables small businesses to explore their technological potential and provides the incentive to profit from its commercialization. 
Four years ago San Angelo's City Council was sold a "nearly ready" to market product.  Nearly turned out to be a very long time.

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