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Grant Applications Often Provide Early-Stage Funding

Startup Professionals Musings

This process costs money, which professional investors are not willing to contribute, since their interest is in scaling a proven product and business model into a growth business. Specifically, I often point to the NSF or the Small Business Innovation Research (SBIR) program for high-tech startups.

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Reinventing Life Science Startups – Evidence-based Entrepreneurship

Steve Blank

What if we could increase productivity and stave the capital flight by helping Life Sciences startups build their companies more efficiently? Quite a few of the teams were building biotech, devices or digital health products. But pivoting early, before you raise and spend millions or tens of millions means potential disaster avoided.

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China’s Torch Program – the glow that can light the world (Part 2 of 5)

Steve Blank

The Torch program created Innovation Clusters by creating national Science and Technology Industrial Parks (STIPs), Software Parks, and Productivity Promotion Centers. It did so by building a national network of a 1,000+ Productivity Promotion Centers. government’s SBIR and STTR programs. It has become China’s Silicon Valley.

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China’s Torch Program – the glow that can light the world (Part 2 of 5)

Steve Blank

The Torch program created Innovation Clusters by creating national Science and Technology Industrial Parks (STIPs), Software Parks, and Productivity Promotion Centers. It did so by building a national network of a 1,000+ Productivity Promotion Centers. government’s SBIR and STTR programs. It has become China’s Silicon Valley.

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Innovation at Argonne National Laboratory Incubator

The Startup Magazine

The program reduces research and development time and cost by allowing participants access to multi-million dollar equipment they likely would otherwise not be able to access. Together, these factors enable innovators to quickly pivot development tracks based on early results to produce a better product that goes to market faster.

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Government Grants Cost No Equity, But are Not Free

Startup Professionals Musings

Typically they can be used to fund product development and commercialization that would otherwise require outside investors. A good place to start looking is the Small Business Innovation Research (SBIR) program, which is a lifeline for high-tech startups. Professional help costs money. Pursue grants and investors in parallel.

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Don’t Forget Grants If You Need Early Seed Money

Startup Professionals Musings

Typically they can be used to fund product development and commercialization that would otherwise require outside investors. A good place to start looking is the Small Business Innovation Research (SBIR) program, which is a lifeline for high-tech startups. Professional help costs money. Pursue grants and investors in parallel.