Unlocking Growth Through Non-dilutive Funding: Tapping into SBIR/STTR Grant Funding in 2024

In this video, we explore five critical reasons why SBIR and STTR funding should be at the top of your list for startup funding in 2024! This insightful guide is especially beneficial for startups in the science and technology sectors facing the challenges of securing funding in a possibly recession-hit economy. We begin by discussing how SBIR and STTR programs offer a lifeline when equity funding becomes scarce, providing the much-needed support for high-risk innovations. The video further delves into the credibility and validation that comes with these federal grants, making your startup more appealing to investors and partners. One of the highlights is the non-dilutive nature of SBIR/STTR funding, a significant advantage for startups keen on retaining control and ownership. We also emphasize how these programs are designed to bolster early-stage R&D activities in tech and science fields, supporting ambitious, innovative projects. Finally, we unravel the phased structure of these programs, highlighting how securing Phase I funding increases the likelihood of additional funding in Phase II, and how state matching grants can further amplify your funding. This video is a must-watch for any startup founder looking to navigate the competitive tech industry landscape in 2024, offering valuable insights into leveraging SBIR and STTR funding for maximum benefit. Don't forget to like, subscribe, and visit KeepYourEquity.co for more resources and expert advice on securing non-dilutive funding!
KeepYourEquity.co’s mission is to support scientists, engineers, and clinicians in their start-up journeys by helping Founders secure SBIR/STTR grants. The goal of this TH-cam channel is to educate Founders on how to raise non-dilutive federal funding to get the resources they need to commercialize innovative ideas to solve today’s biggest global problems.
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About Stacy Chin, Ph.D.
Stacy combines her entrepreneurial spirit and passion for research to help start-ups commercialize their innovations. With 10+ years of grant writing experience, she has secured over $12.5 M in SBIR/STTR grant funding for clients spanning from a wide variety of sectors. She's consulted start-ups spun out by Founders, professors, medical doctors, start-up executives and collaborators from MIT, Mass General Hospital, Columbia Univ., Univ. of Co3lorado, UCLA, Brown Univ., Boston Univ., New York Univ., Univ. of Texas, UCSD, and more. Stacy is a TechStars SBIR/STTR mentor, a highly competitive and nationally reputable tech start-up accelerator. She previously served as an NIH and NSF SBIR reviewer and study section co-chair. Stacy received her PhD in chemistry, holds multiple patents and authored multiple academic research articles. She also brings 8+ years of experience as a start-up founder and was been recognized for her entrepreneurial achievements through a number of awards.
Read about her entrepreneurial journey in Train Like a Scientist, Think Like an Entrepreneur: tinyurl.com/frunjcfe
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Disclaimer: KeepYourEquity.co (d/b/a Chemia Solutions Corp) is not affiliated with any US governmental agency. All video content is made for entertainment and informational purposes only and does not guarantee awarded federal grants. All information (including agreements, forms and documents) available on the site, keepyourequity.co, are provided without any warranty, express or implied, including as to their legal effect and completeness. The information should be used as a guide and modified to meet your own individual needs. Your use of any information or forms is at your own risk. Communications between you and keepyourequity.co is only protected by our Privacy Policy and Terms and Conditions.
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[@MoneyOpulence]

Thanks for the Unlocking Growth Through Non-dilutive Funding. We never stop learning.

[@DominguismeThesis]

Excellent !

[@meysam1155]

Thank you for these great videos! We submitted a SBIR application to the NIH and we got the summary statement from the reviewers. In your experience, is a response to reviewer's critiques/comments something that would make a difference on the funding decision of the application? Do you recommend responding to the reviewers or you think we should just wait for the council meeting? This could be a topic for one of your great videos :)

[@keepyourequityco]

Great question! I would recommend reaching out to the program office to learn if the PO can jump on a call to review your summary statement. Based on the score and other criteria, the PO can advise whether you have a strong chance of getting funded or if you will likely need to resubmit the application. If the latter, then you can start preparing for a resubmission to improve your chances of funding the 2nd time around. This is a great video idea that I'll add to the list. Good luck!

[@meysam1155]

Thank you!

[@aspiceoflife]

lovee it

[@MdShahin-gb3gw]

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