Entrepreneurship Guides

Passion Blog Pro Review

Demetris is the creator of Passion Blog Pro that involves training in making money online. His vast experience working in different settings involving marketing, social media, business and managing he pushed him to become a genius at what he does. He created an 8 hour over the shoulder training that will guide you through each step you should take as if you have never heard of generating money online. It will help you find your passion and your category, building a website or blog, strategizing with the marketing techniques and Facebook and Google. His videos will also walk you through your first steps of making the first sales and maintaining a healthy rate of income. The momentum you build making your first few dollars at first will spike up within the first few days to even reach 100$ a day. He even provides testimonials of people who made a massive income that they were not even making while working in a corporate job. The 8 hour training will show each step you need to take to also make your products attract more traffic and by default, more sales. He also shows how to make your SEO planning perfect so your rank higher in the system. The purchase of the product also comes with a membership to the Facebook that he created where he has his best examples of the people that made great success using Passion Blog Pro. Continue reading...

Passion Blog Pro Review Summary

Rating:

4.6 stars out of 11 votes

Contents: Video Course
Author: Demetris Papadopoulos
Official Website: limitlesspassion.co
Price: $47.00

Access Now

My Passion Blog Pro Review Review

Highly Recommended

All of the information that the author discovered has been compiled into a downloadable book so that purchasers of Passion Blog Pro Review can begin putting the methods it teaches to use as soon as possible.

When compared to other ebooks and paper publications I have read, I consider this to be the bible for this topic. Get this and you will never regret the decision.

The Good Bad and Ugly What Should an Entrepreneur Expect

Entrepreneurs generally commit themselves full-time to realizing their vision. If they are unwilling to make this commitment, then they probably haven't developed the vision to the point where they are confident that it will be realizedor else they are not entrepreneurs. True entrepreneurs cannot rest until their ideas have succeeded. During the journey from idea to success, entrepreneurs will experience many feelings and emotions. The hours are long and the personal commitment is usually complete, especially in the early stages of the vision's development. It is not unusual for the entire journey to take many years. Entrepreneurs wake up in the morning thinking about their vision and go to sleep at night thinking about their vision. Work, play, and family blur together. The single-mindedness of purpose an entrepreneur feels is hard to explain to others. A supportive, patient, and understanding family and social network are helpful. Finding somebody to talk to who is familiar with the...

Single Person can Change the World What is an Entrepreneur

It is a highly personal view of a possible future (what can be). The literature is filled with stories of successful entrepreneurs. Every vision, and the story behind it, is as unique as the individual entrepreneur. Stories serve to show possibilities and to focus and inspire. Although each story is unique, the commonalities in the motivations, risks, and challenges are many. Entrepreneurs are not born, they are madesometimes consciously and many times unconsciously. Their path to success tends to go through three phases learning, epiphany, and doing. The learning phase is usually a lifelong process. A college degree in business may be helpful, but history shows that it is not necessarily required for someone to be successful. Knowing the theories and practices of business, technology, and other disciplines is important, but a would-be entrepreneur may need to develop and refine many other skillssuch as listening, learning, judging, deciding, and...

Entrepreneurs in the Technological Ecosystem

There are thousands of people with ideas. There are thousands of people who can lead and manage. There are thousands of people who can get things done. There are far fewer people with the unique combination of these qualities that can be labeled as entrepreneurs. Entrepreneurs aren't satisfied when they can see a vision and express it they will be satisfied only when that vision becomes real. Entrepreneurs exist in all areas and at all scales of human endeavora local business on a street corner, a large technology business spread across the world, or an organization trying to bring about social, political, or economic change. Entrepreneurs become possessed by their vision and will persevere in developing, refining, and spreading that vision until it has changed the world in some way, large or small. There are many theories, stories, and how-to descriptions of entrepreneurship. This chapter briefly discusses a framework for thinking about entrepreneurship, the role of entrepreneurs,...

Look Forward Think Backward What Does an Entrepreneur Do

Incremental visions can be realized with either approach, but more disruptive visions usually are realized by looking forward and thinking backward. Disruptive visions may require significant changes to the ecosystem before they can be realized. A handful of individual grains of sand will have very little impact when it is thrown against something. But when that same handful of sand is molded into a ball, it will have a much greater impact. Entrepreneurial leadership is about molding the individual grains of sand into a coherent whole. Entrepreneurs lead by These activities should be performed in the context of a set of values and principles that guide the entrepreneur's behavior. The values and principles vary from entrepreneur to entrepreneur and should represent his or her views about how to develop, manage, and value relationships with employees, customers, investors, and others, as well as the entrepreneur's views about what success is and how to create the conditions necessary...

Lions Tigers and Bears What is the Role of an Entrepreneur

Nanotechnology resides primarily in academic institutions, federal laboratories, large corporations, and to a lesser extent in small entrepreneurial businesses. There is significant research and some development going on. Nanotechnology is people- and capital-intensive. The tools, processes, and techniques to monitor and control the structural, electronic, optical, and magnetic properties on the atomic scale are expensive. Capital to fund these activities is coming from taxpayers in the form of federal research grants and to a lesser extent from large corporation research and development budgets.

Strategies for Transformation

This beneficial transformation will not take place without fundamental research in fields where such research has tended to be rare or without the intensity of imagination and entrepreneurship that can create new products, services, and entire new industries. We must begin with a far-sighted vision that a new renaissance in science and technology can be achieved through the convergence of nanotechnology, biotechnology, information technology, and cognitive science.

The Age of Transitions Converging Technologies

We are already experiencing the dramatic changes brought on by computers, communications, and the Internet. The combination of science and technology with entrepreneurs and venture capitalists has created a momentum of change which is extraordinary. Yet these changes will be overshadowed in the next twenty years by the emergence of an even bigger set of changes based on a combination of biology, information, and nanoscience (the science of objects at a billionth of a meter, from one to four hundred atoms in size). This new and as yet unappreciated wave of change will combine with the already remarkable pattern of change brought on by computers, communication, and the Internet to create a continuing series of new breakthroughs, resulting in new goods and services. We will be constantly in transition as each new idea is succeeded by an even better one. This will be an Age of Transitions, and it will last for at least a half-century. viii) Eventually a political movement will develop a...

Benchmarking of US International Standing and Economic Impact of Nanotechnology RD

Currently, reliable data are not available that would allow linking technology transfer with confidence to specific NNI-related research programs, although the committee did discern positive trends in, for instance, patents awarded, venture capital activities, and the emergence of new small businesses (see the section Technology Transfer in Chapter 3). Looking at the economic impact of nanotechnology more broadly, as discussed in detail in Chapter 3, the committee concluded that it is too early to quantify the economic impact of nanotechnology. Neither have data been collected nor metrics developed that would enable a rigorous analysis of the economic impacts of nanoscale R& D. Moreover, as both an enabling and a disruptive technology, nanotechnology can be expected to have applications and effects that extend beyond a specific industry or market sector, leading to new products as well as improving already-available products. Yet it is clear that the promise of significant benefits...

Nanotechnologies and Society in the USA

The social, legal and ethical implications of nanotechnology are not unique to any one country - but perhaps the way in which they are handled is unique. In the highly entrepreneurial environment of America, the precautionary approach figures less than it does in Europe - conceivably given the relative absence in America of episodes such as BSE (mad cow disease). A recent study (Gaskell et al, 2005) shows almost a mirror image in reactions to nanotechnology in Europe and in America, with 50 per cent of Americans versus 29 per cent of Europeans saying nanotechnology will improve our way of life, and 35 per cent of Americans versus 53 per cent of Europeans saying they do not know what it will bring. It would seem that the American culture is more likely to take a positive view of technological innovation. A National Science Foundation survey similarly showed that in America there is a high degree of public confidence in science. This confidence does not, however, correlate with...

The rise of nanotechnology in the United States

Two federally supported user networks, the NSF-funded National Nano-fabrication Infrastructure Network (NNIN) and the Department of Energy's (DOE) Nanoscale Science Research Centers (NSRCs), are a large presence on the nanotechnology scene, and each have a significant commitment to ELSI. These user networks address the major barrier to the development of nanotechnology of its high entry cost nanotechnology instrumentation, equipment and facilities can be prohibitively expensive for researchers, small businesses and academic institutions.

Venture Capital Investing

An early-stage start-up company rarely possesses all of these characteristics and often does not need to in order to attract venture financing. Indeed, early-stage start-ups are often funded without complete management teams, strategic partners, or customers. Absent these characteristics, however, there should be, at a minimum, a passionate, visionary entrepreneur who helped develop the core technology and wants to play an integral role in building the company.

Initial Intellectual Property Considerations

Nanotechnology companies are formed around technology and the intellectual property protection that surrounds it. Nanotech companies' intellectual property portfolios usually consist of both IP developed internally and IP licensed from other parties. Chapter 13 is devoted to explaining how companies can protect IP generated internally. Because nanotech R& D is so expensive, almost all nanotech companies at conception must license at least some IP from external sources. Indeed, most nanotech startups thus far are spinouts of research projects at larger organizations. For many entrepreneurs, the decision to start the company may depend on whether they can obtain licenses to IP rights held by these organizations. Depending on the circumstances giving rise to the birth of a new company, it may face different challenges obtaining and protecting its IP. There are three common ways a new nanotech company may be born. First, and most typical of this field, a company can spin out of...

California Silicon Valley

California's Silicon Valley remains the center of technology development in the country. We estimate that approximately 50 percent of all US nanotech companies are based in California, and 65 percent of these are located in the northern half of the state. The Silicon Valley pioneered the process of university and industry collaboration, and it created a unique culture very conducive to developing new technologies. The history of companies such as Hewlett-Packard and Apple starting out of Palo Alto garages or companies like Yahoo and Google spinning out of Stanford class projects has created an unparalleled entrepreneurial culture.66 Stanford and UC Berkeley are leading

How is Technology Transferred

Technology can pass from a university into the commercial world in many ways five are discussed in more detail later in the section Types of Business Relationships. Typically, the discovery or result of interest centers on a patentable invention by a professor for which the university will file a provisional if not full utility patent. The simple process model sketched earlier then posits that a commercial entity learns of the invention, desires to exploit the technology, and thus executes a licensing arrangement with the university. The licensee may be an established company or a startup formed by entrepreneurial researchers from the university. Depending on the type of licensee, the agreement may provide for some up-front payment or equity in the licensee in addition to royalties on sales when the technology enters the market.

Risk Factors and Discount Rates

The greater the perceived risk of the company, the greater the required return will be for investors to put money in to the company.59 Thus for early-stage start-up companies such as those in nanotech, the discount rate is significantly higher than for established companies. For established companies such as Wal-Mart or Microsoft, an appropriate Discount Rate might be 12 to 18 percent. For new technology companies, such as nanotech companies, the discount rate may approach 100 percent depending on the specific company and technology involved. For first-round nanotech companies where the technology is not yet developed, we have seen discount rates between 75 and 100 percent. In the second round, 45 to 75 percent is typical. Finally, in a third round, depending on the maturity of the company and their closeness to profitability, a discount rate might be 35 to 45 percent.60 While these are common deal terms that are helpful to know, the final discount rate is dependent on negotiations...

The Power of an Idea What is a Good Idea

All organizations, institutions, and creations of humans have started with an idea. The power of a good idea cannot be underestimated. An idea by itself is a necessary, but not sufficient, condition to successfully effect change, develop a technology or product, or start a business. Many ideas have not gone beyond the stage of being only ideas. To have an impact, the idea must be wrapped in a vision and an understanding of whom the vision serves. This is where entrepreneurs enter the picture. They work with an idea, either their own or somebody else's, and mold it into a vision that is part possibility (what can be) and part reality (what needs to be). Entrepreneurs power the vision into reality by spending their time and energy and, most importantly, by maintaining their belief about the importance of the vision. Entrepreneurs may find it challenging to keep people focused on the entrepreneurial vision over the long time horizons of nanotechnology. For many entrepreneurs, ideas come...

Exogenous Variables that Determine Valuation

While many of these factors are out of the control of the entrepreneur, he or she should not ignore them. Because investors want to know that management is aware of all of the factors that will determine return on investment, it is essential to be able to discuss all of the risk factors of the business. Also, by separating controllable factors from uncontrollable factors, one can better focus available resources and develop more appropriate strategies.

Opportunities Offered by Nanotechnology for Data Storage

We have by now summarized the two mainstream commercial data storage devices, HDD and NVRAM, and the two near-term candidates for future commercial success, the MRAM and PC-RAM devices. As stated before, the technology utilized by these devices should be used as a measure against which novel nanotechnol-ogy approaches are judged. Note that even if a promising novel nanotechnology-based device comes into being, it will take time to bring it into maturity, and during that period, the state-of-the-art of HDD, Flash Memory, MRAM, and PC-RAM will steadily improve. One could state that we have here a competition on the run that will be decided based on the following four criteria (i) capacity, (i) cell size, which translates to areal density or form factor, (iii) access time, and (iv) price, where each technology is looking for its own business niche.

Economic Impacts and Commercialization of Nanotechnology

1 This research is supported by National Science Foundation Grant SES 0304727 (as a Nanoscale Interdisciplinary Research Team project), University of California's Industry-University Cooperative Research Program, UCLA's International Institute, and the Harold Price Center for Entrepreneurial Studies at the UCLA Anderson School.

Technology Exponentials

As early-stage venture capitalists (VCs), we look for disruptive businesses run by entrepreneurs who want to change the world. To be successful, we must identify technology waves early and act upon those beliefs. At Draper Fisher Jurvetson (DFJ), we believe that nanotech is the next great technology wave, the nexus of scientific innovation that revolutionizes most industries and indirectly affects the fabric of society. Historians will look back on the upcoming epoch as having no less portent than the Industrial Revolution. The aforementioned are some long-term trends. Today, from a seed-stage VC perspective (with a broad sampling of the entrepreneurial pool), we are seeing more innovation than ever before. And we are investing in more new companies than ever before.

Do students at these camps have access to different kinds of electron microscopes

At the high school level, students need to take a minimum of 3 years of science and mathematics. They need to explore some of the career and educational options that are available in this field. I wish more states would duplicate the program at Penn State. Penn State has a special program where students can obtain a two-year degree in nanotechnology (at a local community college with a capstone semester at Penn State) and then go on to a 4-year program if they want to pursue further education. Students should know that they do not need to have a Ph.D. degree to work in the field of nanotechnology research. As with any field, there are all kinds of opportunities. At the technical level, they could be maintaining vacuum pumps in a lab or learning how to do different fabrication processes in the cleanroom. You can be a lawyer and be involved with nanotechnology perhaps as a patent lawyer. You can be a graphic artist or a businessperson on the entrepreneurial side. But you need to have...

Advanced Technology Program

Because ATP funds can match private funding, companies can obtain large sums of capital from NIST. ATP funds companies of all sizes, with approximately half of all ATP awards going to individual small businesses or to joint ventures led by a small business. ATP awards are selected through a rigorous peer review process. Technology-specific boards staffed with experts from particular fields evaluate the proposals. The agency accepts proposals only in response to specific, published solicitations.

The Role of Federal Research Laboratories

The broader goals of many federal agencies are also addressed by academic universities through contracts and grants, and by small businesses through research contracts from the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. All these augment the in-house efforts within the federal laboratories.

Broader Efforts Toward Technology Transfer

From a broader perspective the committee notes that the federal government has played a role in assisting companies, in particular small start-ups, to cross the significant gap between technology development and product commercialization, the so called valley of death. The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants8 reserved for small businesses are designed specifically to help bridge this gap while meeting the government's R& D needs. The new STTR program focuses on expansion of the public and private sector partnership to include joint venture opportunities for small business and nonprofit research institutions, including universities. Under the SBIR program, each participating agency with an annual extramural R& D budget of more than 100 million must allocate 2.5 percent of its R& D budget for SBIR funding. Under the STTR program, the participating agencies whose extramural R& D budgets total more than 1 billion must...

The University Spin Off

Technology licensing offices struggle with whether they should grant exclusive licenses or nonexclusive licenses.3 On the one hand, entrepreneurs need an exclusive agreement in order to attract investment to develop a particular technology. On the other hand, technology transfer officers are weary of granting exclusive rights to processes and tools that will be widely needed. The ability of a company to secure an exclusive licensing agreement with a university depends on numerous factors including the technology itself, what other companies are interested in licensing the technology, and the policies of the particular university that developed the technology. encourages academic institutions to favor small companies over larger companies when making licensing decisions.7 If there is competition between an existing small company and a start-up company, the licensing decision becomes more difficult. Quite often the decision on which company receives the license may depend on the...

Mobilisation

The Construction sector should mobilise itself, but not remain isolated. The role of national and European federations will be key in this process. They should reflect on strategic multi-disciplinary research activities as a key support to a clear industrial policy and the development of entrepreneurial spirit in an enlarged Europe.

Michael Krieger

Krieger serves on several boards supporting new venture development, including the Caltech MIT Enterprise Forum. In 1997 he developed and continues to teach a graduate seminar on entrepreneurial business, IP, and litigation issues for the Computer Science Department in UCLA's engineering school. He has served on the Executive Committee of the Intellectual Property Section of the California Bar, was Editor-in-Chief of its journal New Matter, and currently chairs its Computer Law Committee.

Jeff Lawrence

Lawrence is also Trustee of The Lawrence Foundation (www.thelawrencefoundation.org), a family foundation focused on grant making to environmental, education, health, and human services causes. He has a B.S.E.E. from UCLA, was co-recipient of the Greater Los Angeles Entrepreneur of the Year award, and recipient of the UCLA School of Engineering's Professional Achievement award. Jeff also writes and speaks on technology, entrepreneurship, philanthropy, economics, and ethics.

Larry Bock

He has received several awards and honors. He was selected by Venture Capital Journal as one of the Ten Most Influential Venture Capitalists, by Red Herring as one of the Top Ten Innovators, by Forbes-Wolfe NanoReport as the Number One Powerbroker in Nanotechnology, by Ernst & Young as a finalist for Entrepreneur of the Year, and by Small Times as Innovator of the Year and one of Top 3 Business Leaders of the Year. He received the Einstein Award from the Jerusalem Foundation for lifetime contributions in the field of life sciences.

Market Timing

Federal funding is the seed corn for nanotech entrepreneurship. All of our nanotech portfolio companies are spin-offs (with negotiated intellectual property -IP1 transfers) from universities or government labs, and all got their start with federal funding. Often these companies need specialized equipment and expensive laboratories to do the early tinkering that will germinate a new breakthrough. These are typically lacking in the proverbial entrepreneur's garage. Despite all this excitement, there are a fair number of investment dead ends, and so we continue to refine the filters we use in selecting companies to back. All entrepreneurs want to present their businesses as fitting an appropriate time line to commercialization. How can we guide our intuition to determine which of these entrepreneurs are right

Conclusion

Although predicting the future is becoming more difficult with each passing year, we should expect an accelerating pace of technological change. We conclude that nanotechnology is the next great technology wave and the next phase of Moore's Law. Nanotech innovations enable an array of disruptive businesses, driven by entrepreneurship, that were not possible before.

Commercialization

Europeans do not have the kind of aggressive commercial culture and entrepreneurship one finds in the USA and Japan, so researchers and the business community do not necessarily think so readily in terms of patents and business start-ups. Unlike Japan, thinking tends to be short-term rather than medium to long-term. Furthermore, credit rather than risk capital may be what is available. A whole range of remedies is being discussed and slowly implemented for the benefit of entrepreneurs support, training, financing, taxation adjustments, support for women and ethnic minorities, trade expansion, and lightening of administrative and regulatory burdens. And here the unresolved tension reappears - to regulate for sustainability or to deregulate for entrepreneurship (European Commission, 2004). Certainly some suggestions appear to be sound. The '2004 Strategy' recognizes that the European Investment Bank (EIB) could help provide loans, for example. Then there is the promotion of technical...

Location

There are many considerations that a nanotech entrepreneur should evaluate when determining where to locate the business. First, as has been described in detail in this chapter, nanotech companies are springing up around certain leading research universities and federal laboratories. Locating nearby may enable companies to stay close to the original researchers, have a voice in their ongoing research, stay up-to-date on industry developments, and benefit from the network of experts, funding sources, and industry representatives drawn to these institutions. Second, many cities and states have established aggressive programs to lure nanotech companies. They offer tax breaks, direct subsidies, and access to top-tier research facilities at little or no cost. Third, with a dearth of qualified scientists and engineers, nanotech companies must locate in one of the centers of technical expertise. Put another way, nanotechnology is not an industry where employees will initially follow jobs,...

Electronic Noses

Chad Mirkin, nanoscientist and entrepreneur, envisions a world where doctors will be able to diagnose diseases and conditions in the examination room instantly and accurately not only by analyzing a patient's symptoms but also by actually sensing pathogens in a patient's body or blood. Together with renowned researcher Robert Letsinger, Mirkin founded a startup company Nanosphere, Inc., which has begun commercializing their work on biosensors. Using the same DNA-matching biosensor techniques that we discussed, they have already developed one of the world's quickest and most accurate tests for anthrax and are developing a suite of tests for other diseases including AIDS. If Nanosphere succeeds in developing its planned products (prototypes already exist), medical technicians will be able to administer all common tests right in the office or at the bedside. Additionally, military and law enforcement officials will be able to check for contamination of letters, buildings, and...

Business Plan Uses

There are at least four reasons why a prospective entrepreneur should write a business plan before attempting to launch a nanotech company. First, a business plan is essential for securing outside investment. The 2001 crash in Internet stocks has made investors wary of unproven technologies such as nanotech. Venture capitalists, corporate investors and Wall Street bankers are only interested in well-defined strategies and are looking for entrepreneurs with a firm grasp of financial reality. A good business plan addresses these concerns by both demonstrating the potential of the technology and showing that the entrepreneur has carefully considered the important obstacles the company will face in reaching its goals. Indeed, other things being equal, a well-constructed plan can be the difference between begging for capital and receiving multiple offers for investment.

Is It Worth It

Many people start down the path of entrepreneurship, but only a few are successful at fully realizing their vision and other aspirations. Entrepreneurs are driven by the chance to make an impact, to learn, to prove something to themselves or others, or to make money. All entrepreneurs have a unique definition of success and a list of expectations for themselves and others. Successful entrepreneurs have a vision, understand whom they serve, understand the vision's place in the ecosystem, and give purpose to the organization they build. They must throw themselves wholeheartedly into realizing their vision and must be comfortable with risk, uncertainty, and ambiguity must be good listeners and learners and strong communicators and must be adaptable and flexible and pragmatic problem solvers. The necessary experience and skills can be developed on the job and by learning from others. Even though entrepreneurs can control and influence many things, a certain amount of good luck is also...

About the Editors

Professor Mauro Ferrari is a pioneer in the fields of bioMEMS and biomedical nanotech-nology. As a leading academic, a dedicated entrepreneur, and a vision setter for the Nation's premier Federal programs in nanomedicine, he brings a three-fold vantage perspective to his roles as Editor-in-Chief for this work. Dr. Ferrari has authored or co-authored over 150 scientific publications, 6 books, and over 20 US and International patents. Dr. Ferrari is also Editor-in-Chief of Biomedical Microdevices and series editor of the new Springer series on Emerging Biomedical Technologies.

Zenos paradox

Unlike other cutting-edge technologies such as microprocessor-based computers, software and biotechnology, the earliest discoveries and inventions of nanotechnology are occurring in an era of a broken, corrupted, counterproductive US patent system. Those other areas of research and development were able to proceed without the tax and stress that competing patent claims put on a new industry. Beginning in the 1980s (but taking off during the 1990s) universities and firms went on a patent binge while the US patent office and the court that governs patents lowered the standards for patenting to absurd levels (Jaffe and Lerner, 2004). As a result, nanotechnology is trying to get started at a time when knowledge flows less freely than it did during the software revolution. If basic features of software had been patented back in the 1970s and 1980s, we might never have seen the widespread culture of entrepreneurship and innovation that generated so much wealth in the 1990s (Regalado, 2004).

The Holy Grail

The ultimate process is more of an approach. The approach is both flexible and adaptive. The effort involves multidisciplinary teams of creative, success-driven professionals who have entrepreneurial talent. It's obvious when one is in the presence of a process that is working to take the technology out of the lab environment and into the marketplace. It's evident in the team members' relationships among themselves and their relationship with organizational management. The evidence is a mutual respect and appreciation for each of the necessary contributions to the opportunity. Courage. Life and entrepreneurial ventures are not without their obstacles of all natures. The team member must be able to face these challenges.

Sbirsttr Grants

First, companies can seek SBIR STTR grants. These grants, which are offered by several agencies, are exclusively for small businesses.9 The difference between SBIR and STTR programs is that STTR requires researchers at universities and other research institutions to play a significant intellectual role in each project. Different agencies have somewhat different procedures, but in general, there is a three-phase program for SBIR STTR grants. Companies first apply for a Phase I award to test the scientific, technical, and commercial merit and feasibility of a proposed innovative research or activity. The Phase I award will be made for a maximum of 100,000 for SBIR and STTR. If Phase I proves successful, the company can apply for a two-year Phase II award of up to 750,000 (under both SBIR and STTR) to further develop the innovation. Phase III, which is rare, involves companies obtaining funding from the private sector and or non-SBIR government sources to develop the concept into a...

Government Funding

Federal funds, which include grants, contracts, and purchase orders can be a valuable source of capital for early-stage companies. In addition to providing money to a company in its early days, federal funds can also increase the likelihood of obtaining venture financing later. According to one venture capitalist We use federal funds as an IQ test of the entrepreneur. Is she getting free capital before coming to ask us for capital While we do not follow a sector simply because the government is putting money it, it is indeed a criterion for us.4

More Products

Entrepreneur Tech School
Key Principles For Entrepreneurs

Key Principles For Entrepreneurs

If you're wanting to learn how to set goals now for tomorrow's benefit. Then this may be the most important letter you'll ever read! You're About To Learn All About Growth Potential Without Potential Waste And How To Manage Your Money Principles, No Matter How Much Time You Have Had To Prepare! It doesn't matter if you've never experienced entrepreneurship up close and personal, This guide will tell you everything you need to know, without spending too much brainpower!

Get My Free Ebook