On the recordMay 3, 2017
I very much thank Senator Risch. I share his enthusiasm for the Office of Advocacy and all of the programs SBA administers and appreciate the good work of the new Administrator there, Linda McMahon. You bragged a little bit on your Small Business of the Year in Idaho, and I would like to do the same. Our New Hampshire Small Business Person of the Year is Dr. Jake Reder, who is the cofounder and CEO of Celdara Medical in Lebanon, NH. I think it is important to point out that small businesses create 16 times per employee the number of patents that large businesses do, and Celdara Medical is a great example of that. They were founded in 2008. They are a biotech startup that identifies early-stage medical technologies and provides financing and business guidance to move lifesaving products from university laboratories to high-potential medical companies. They really show that entrepreneurship can be a positive force to cure disease and save lives. During their startup, Celdara secured funding through the SBA's SBIR Program, the Small Business Innovation Research Program, which was extended last year--thanks in large part to the work of the committee-- for 5 years because of its great track record, enabling entrepreneurs across the country to participate in R&D to keep us at the vanguard of innovation. They were also assisted by the SCORE counseling network, which provides mentors to small businesses.…
Source
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