Unfortunately, there is no update for Biography Maker in order to make it compatible with Windows 7 operating systems, but you can try the Compatibility Mode. Right click on the program icon and go to Properties > Compatibility tab. Check the Run this program in compatibility mode for box and select a compatible operating system from the drop-down list. Click Apply and then OK.
If you want a similar application for your Windows 7 computer, I suggest you to use LifeJournal Software. You can purchase it from the official web page for 59 dollars. Also, you can try some online utilities like: Bookemon or Bio Cube Creator.