April 21, 2015

SBA honors Ashland’s BioSurfaces

Biomedical device maker BioSurfaces Inc. of Ashland has been named the state's Microenterprise of the Year for 2015. The award was announced Monday by the Massachusetts office of the U.S. Small Business Administration (SBA).

BioSurfaces was formed in 2003 by Matthew and Tina Phaneuf.

The company "is dreaming big and is developing life-changing and innovative technologies with the goal of clinical trials and commercializing just around the corner," Bob Nelson, SBA director for Massachusetts, said in a statement.

For the last couple of years, BioSurfaces has utilized free counseling services from the Massachusetts Small Business Development Center (MSBDC) at Clark University, the statement said. The MSBDC assisted BioSurfaces in strategic planning, obtaining bank financing, and preparing a business plan for the company's spin-off, NuVascular Technologies.

Additionally, according to the statement, BioSurfaces has received more than $6.6 million in small business grants and contracts through the federal government's Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.

The Phaneufs, along with the other 2015 Massachusetts Small Business Week winners, will be honored at an SBA awards lunch May 4 at the Sheraton Framingham.

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