Saratoga Tech Startup Settles $630K Grant Dispute

▤ Summary

eBibelot agreed to pay $630,000 to settle a federal lawsuit over alleged violations tied to an NSF SBIR grant. Prosecutors said the company and its CEO may have misrepresented the CEO's outside full-time employment while certifying compliance with grant rules. The case centers on whether the company improperly used post-award certifications and grant funds while failing to disclose the employment conflict. The settlement resolves the dispute without any finding of liability. The story highlights compliance risk for small software companies that rely on public research grants.

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