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

Steve Blank

government’s SBIR and STTR programs. VC’s treat the SBIR and STTR programs – they never heard of it, or they think it takes too much time to apply for too little money. Some of the startups coming out of these incubators have become large international companies including Lenovo, Huawai, Suntech Power, etc. Seed Funding (Innofund).

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Reinventing Life Science Startups – Evidence-based Entrepreneurship

Steve Blank

In the real world a big pivot in life sciences far down the road of development is a very bad sign due to huge sunk costs. Both of these groups, those who took the Innovation Corps class and those who didn’t, applied for government peer-reviewed funding through the SBIR program.

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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. Atlas Energy Systems has joint proposals with a number of companies on multiple SBIRs to develop a prototype of its radioisotope nuclear battery.

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

Steve Blank

government’s SBIR and STTR programs. VC’s treat the SBIR and STTR programs – they never heard of it, or they think it takes too much time to apply for too little money. Some of the startups coming out of these incubators have become large international companies including Lenovo, Huawai, Suntech Power, etc. Seed Funding (Innofund).

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Grants May Be Free, But They Do Come at a Price

Startup Professionals Musings

they can visit the directory of government grant alternatives, which is searchable and features more than a thousand federal programs, or more locally the Small Business Innovation Research (SBIR), with opportunities for high technology startups. In the U.S. Of course, nothing is really free in the business world.

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Why The Pentagon Can’t Count: It’s Time to Reinvent the Audit

Steve Blank

With audit costs approaching a billion dollars a year the Pentagon had an opportunity to lead in modernizing auditing. In 2019, the audit cost $428 million in auditing costs ($186 million to the auditors along with $242 million to audit support) and another $472 million to fix the issues the audit discovered.