article thumbnail

Grant Applications Often Provide Early-Stage Funding

Startup Professionals Musings

Specifically, I often point to the NSF or the Small Business Innovation Research (SBIR) program for high-tech startups. The resulting delays can give your competitors an edge, or the market requirements can change before you get the funding you need. Also, it’s important that you understand just how the SBIR program works.

article thumbnail

Why Lean May Save Your Life – The I-Corps @ NIH

Steve Blank

The National Cancer Institute SBIR Development Center , is leading the pilot, with participation from the SBIR & STTR Programs at the National Heart, Lung and Blood Institute , the National Institute of Neurological Disorders and Stroke , and the National Center for Advancing Translational Sciences. The class is team based.

Lean 269
Insiders

Sign Up for our Newsletter

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

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. It has grown from five employees generating $120,000 in annual revenue to 350 employees generating annual revenues of $16.5

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 314
article thumbnail

Innovation at Argonne National Laboratory Incubator

The Startup Magazine

Together, these factors enable innovators to quickly pivot development tracks based on early results to produce a better product that goes to market faster. Atlas Energy Systems has joint proposals with a number of companies on multiple SBIRs to develop a prototype of its radioisotope nuclear battery. Innovation is tough.

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

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. Enhance your business plan and marketing with these in mind. In the U.S.

SBIR 120