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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.

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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 iRobot — From robots to riches.

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How to Build a Healthcare Startup

Up and Running

Of course, you will need a killer product—but, you will also need a competent growth strategy that will encompass comprehensive marketing, sales, research and development, technology, and beyond. SBIR often offers grants to projects that are deemed risky by the VCs or equity investors.

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Swedish Immigrant Helps Reinvent the Mouthguard Industry

Hearpreneur

In addition we have a fantastic marketing team and a sales team that are successfully plugging away every day, many many hours. The science team is funded by an SBIR grant from NSF and we are very proud to be among the few companies in the country that actually have been funded.

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I-Corps at the NIH: Evidence-based Translational Medicine

Steve Blank

With that SBIR-Phase 1 funding the teams were trying to establish the technical merit, feasibility, and commercial potential of their technology. And of course none of this would be possible without the tremendous and enthusiastic support and encouragement of Michael Weingarten the director of the NIH/NCI SBIR program and his team.

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What would you want to tell Washington DC about startups?

Startup Lessons Learned

I'll add one more point: The SBIR program is based on a dated notion of small business research, and the multi-year process doesn't line up with the speed of many modern startups. Similarly, government purchasing is a frustrating series of hoops, even compared to enterprise sales.

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