SBIR/STTR funding is non-dilutive but it is far from free. To apply, you: (1) Spend 1+ month on writing the grant, doing all the paperwork, getting letters of s

SBIR/STTR funding is non-dilutive but it is far from free. To apply, you: (1) Spend 1+ month on writing the grant, doing all the paperwork, getting letters of support, etc. (2) Wait up to a year to see if you got the money. The hit rate is often 15% (on average you need to apply 6 times to get 1). (3) Get ~$150K if you're lucky for phase 1, and this money is only for research. You cannot use it on lawyers or keep it in a bank. You also have to spend the money in 8 months. And write a report on your progress. (4) Then apply for Phase II, which can be up to $1M. Even if everything goes right, it will take at the least 2 years since you start applying to get a phase II application. It's great money if you have all the time in the world and really like writing grants. Or if you have no other choice. But you will pay for it with your time. Also, you will be at a huge disadvantage unless you have a PhD and university contacts. Writing successful grants is a difficult skill that takes a lot of practice, and you will be competing with people that ONLY write grants.