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SBIR & STTR Programs: Almost Free Money to Start and Grow Nanotechnology Businesses
Volume 2, Issue 2

Gail and Jim Greenwood, Greenwood Consulting Group, Inc.

In today’s business and fiscal environment, there are relatively fewer opportunities to receive government money for starting and growing businesses than there were several years ago. There is, however, still some hope for interested entrepreneurs to access federal funds precisely to start and grow their businesses. As a matter of fact, potentially large sums of capital may be available to those entrepreneurs able to demonstrate exciting and innovative research and development (“R&D”) projects with strong commercialization potential. In this article, Gail and Jim Greenwood examine two programs of particular interest to the nanotechnology entrepreneur, and they explain how these federal programs may be used to access free money for innovative nanotechnology ventures. In addition, they describe the application process and the potential costs and benefits of federal funding for nanotechnology start-ups. While federal funding may be enormously useful to many nanotechnology start-ups, the application process is most productive for those companies that do not possess a need for rapid commercialization within a year time-frame.

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