article thumbnail

6 Stories of Successful New Entrepreneurs to Inspire Your Business

Up and Running

Thanks to assistance from SBIR-funded research, iRobot was able to conquer the thorny challenge of moving a project from the demonstration stage to a marketable and profitable product. Today UEC Electronics has increased its workforce more than tenfold, from that original 10 to now 115, and is considered a key government contractor.

Columbus 134
article thumbnail

Reinventing Life Science Startups – Evidence-based Entrepreneurship

Steve Blank

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.

SBIR 316
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Hacking for Defense @ Stanford 2021 Lessons Learned Presentations

Steve Blank

Although the class was run completely online, and even though they were suffering from Zoom fatigue, the 10 teams of 42 students collectively interviewed 1,142 beneficiaries, stakeholders, requirements writers, program managers, industry partners, etc. – while simultaneously building a series of minimal viable products.

Lean 394
article thumbnail

100 Startups Join Forces with Air Force Stakeholders at Inaugural Spark Collider Event

Austin Startup

SBIR Phase I companies together with relevant Air Force and venture capital stakeholders. What does SBIR Phase I mean, exactly? At Spark Collider, there were 100 companies present that received an initial award from the Department of Defense (DoD)— which denotes them as Phase 1 SBIR Awardees.

SBIR 48
article thumbnail

The Rise of Chinese Venture Capital – (Part 3 of 5)

Steve Blank

By 1991, 70% of the Torch funded startups were getting bank financing for expansion and later stages of the new ventures, with local governments acting as guarantors. SBIR and STTR programs, the Torch Program’s funding for new ventures was limited to seed funding the front end. Like the U.S. It went bankrupt in 1997.).

article thumbnail

The Rise of Chinese Venture Capital – (Part 3 of 5)

Steve Blank

By 1991, 70% of the Torch funded startups were getting bank financing for expansion and later stages of the new ventures, with local governments acting as guarantors. SBIR and STTR programs, the Torch Program’s funding for new ventures was limited to seed funding the front end. Like the U.S. It went bankrupt in 1997.).

article thumbnail

Learn your Austin ABC’s and become a local super-connector

Austin Startup

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. There are a bunch of amazing autonomy and robotics startups in Texas, and most of them are working with Guinn Partners in one way or another.

Austin 110