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House OKs Paulsen’s med tech measure

WASHINGTON, D.C. — The U.S. House of Representatives on Thursday passed an amendment authored by Minnesota Rep. Erik Paulsen, which would require the Small Business Administration to conduct a study to determine the feasibility of providing funding to medical technology start-ups.

“As the hundreds of medical device companies in Minnesota can attest, new start-ups face steep initial costs,” said Paulsen in a statement.  “This provision seeks to provide these small companies with access to more funding options that are currently available to many other businesses, so they can create jobs and begin developing life-saving technologies quicker and more efficiently.”

The amendment passed on a voice vote.

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