3 ms·
One path is pursuing SBIR grants from the federal government (if you are based in the US). There is a wide variety from defense to agriculture to medical - but
by roland35 3y ago
One path is pursuing SBIR grants from the federal government (if you are based in the US). There is a wide variety from defense to agriculture to medical - but the grant process can be competitive!
I may be dating myself but back when I was involved a program normally consisted of a ~6 month/$100k feasibility study and a 1-2 year/$1-2M work plan.
https://www.sbir.gov/ https://www.sbir.gov/
- not_the_fda 3y agoI've worked for a few startup that were grant funded and its not a great approach for funding. The grants have their own goals, and while there is some overlap, they usually don't align with the companies ultimate goal. You end up spending a lot of money but not reaching to goal post. Then there is the issue of rolling the dice in getting the grant. A paying customer is much easier to manage and predict.
- roland35 3y agoI totally agree with you. It can be hard to chain together grants to make a cohesive business. But if you want to have funding for pure research, it is one option available to anyone (US citizens at least)