Up and Running
JUNE 21, 2021
Seeing a 200-percent revenue growth in just the first year after securing that loan, TRISTAR took out an additional $500,000 SBA-backed loan to expand its physical presence into two more locations. It has grown from five employees generating $120,000 in annual revenue to 350 employees generating annual revenues of $16.5
Steve Blank
AUGUST 21, 2013
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. The teams that skipped the class and pursued traditional methods of starting a company had an 18% success rate in receiving SBIR Phase I funding. – See more here.
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VC Adventure
APRIL 19, 2020
– Consider a separate loan program for very small businesses (fewer than 10 or 20 employees) that’s based on a revenue formula and so long as they use the funds for current expenses (i.e., Expand the Existing SBIR Programs. – Rapidly execute new SBIR awards. Expand the SBA Microloan Program .
Up and Running
APRIL 24, 2018
That’s why having a revenue-minded focus from the early stages helps to secure funding. Still, you can’t ignore the possibility of securing non-dilutive capital from sources such as SBIR ( Small Business Innovative Research ) or business development grants from state and local governments.
Austin Startup
DECEMBER 20, 2020
Alex has helped bring more than $160 million in funding to Texas startups through SBIR, STTR and other government funding programs for companies like Essentium, ICON 3D, and LIFT Aircraft. Bob invented Ethernet, founded 3Com (revenues of $5.7B), was the Editor of InfoWorld magazine, and was a venture capitalist at Polaris in Boston.
Steve Blank
NOVEMBER 5, 2020
Thanks to organizations like DIU we’ve gotten much better at tech scouting; finding promising technologies that might have a military application, getting them on that initial contract – on a SBIR contract or an OTA prototyping contract. I’ve got to have access to recurring revenue to survive until then.”
Steve Blank
SEPTEMBER 26, 2018
However, if the Apple Watch becomes a device eligible for reimbursement , there’s a huge revenue upside for Apple. Much like the NIH SBIR program.) The other interesting observation: Unlike other medical device companies, Apple’s current Watch business model is not dependent on getting insurers to pay for the watch. The Future.
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