Yep. The number has been chosen for a very specific reason (not enough to retire on but a number you could realistically expect to possibly be gifted or inherit).
I'd use it as seed money to launch our biologicals line. It will probably take about $2M total, but $250K would fund the first six months of initial work.
(and in all fairness, it's a me-too inorganic line... we'll just be competing on price)