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For once, I disagree. When spent wisely, $3M can make a huge difference in a development of promising technology. And I am not talking just about software - an
by d_silin 6y ago
For once, I disagree. When spent wisely, $3M can make a huge difference in a development of promising technology.
And I am not talking just about software - an aerospace, material science, fusion or biotech startup can work with that.
- hanniabu 6y ago> can work with that I think the more apt wording is it's enough to get to the next round of funding
- d_silin 6y agoWell, true!
- godelski 6y agoCan confirm. Most government agencies have the SBIR program which funds 6 months of work for $100k. A phase II is $750k for 2 years. The Phase I is typically TRL 3/4 (though I've had a TRL 2 contract before). You'd be surprised what you can get done on such a small budget. Edit: This was an aerospace company too
- kevinastone 6y agoHaving worked in aerospace on SBIRs contracts for a period, I can testify that we delivered PowerPoint vaporware for that level of funding.