Uncategorized, SBIR Grants Management
Here are a few things you need to put in place: An accounting system that separates cost types (direct, indirect and unallowable) and grants from other projects Financial policies and procedures – internal controls (travel, employee policies) Timekeeping system –...
SBIR Grants Management
Avoiding the Red Flags Prevention is the best method of making sure you’re considered a “best bet” to complete the work. The following questions are the ones on the minds of the agency considering you for an award. They’re also often employed by outside investors,...
SBIR Grants Management, SBIR/STTR Budgets
Will an audit be required? The short answer? Yes. And no. It depends on the agency granting the award. But why do SBIR agencies even require audits after the award? Simple. They want to ensure that your financial system is free from misstatements, fraud or errors;...
SBIR/STTR Budgets, SBIR Grants Management
After the excitement of receiving your award settles down, be sure to read the award notice or contract carefully. Then do it again. Government grant awards might seem like free money, but they do come with some strings attached. Those strings are determined by the...
BBC General, SBIR related, STTR related, SBIR Grants Management
#1: Hire the employees You can’t do everything yourself. You need the right people to help you move your company forward. But hiring the right people goes beyond simply finding them. Here are a few important things to consider: 1. Employee offer letter or employment...
SBIR related, STTR related, SBIR Grants
SBIR/STTR proposals are usually not developed by one person. As the saying goes, it takes a village. Depending on the size of your company, you might assign several team members to take responsibility for different sections of the proposal. But making sure...
Federal Funding, Business Development, advisory boards
A Technical Advisory Board (also known as a Scientific Advisory Board) can provide significant advantages to your start-up business when you are in the process of seeking funding from equity investment or non-dilutive funding such as SBIR/STTR grants. Most businesses...
SBIR related, SBIR Grants, SBIR Case Study, SBIR Success Story
In April, BBCetc client, Genomenon, a leading genomic research company, was honored with a Best of Show award at the Bio-IT World Conference & Expo in Boston. The prestigious award recognizes the best of innovative life sciences industry product solutions, in this...
SBIR Grants Management
We often hear, and say ourselves, that SBIR/STTR funding is “free” money. While the funds are non-dilutive, requiring no repayment, we should clarify that SBIR/STTR awards are certainly not a “gift”. When a grant has been awarded the recipient...
SBIR related, STTR related, SBIR Grants, Commercialization, Business Development, marketing strategy, social capital, technology development
BBCetc thanks H.S. Dracones LLC for providing this guest article Technology transition is rarely a linear path. Between concept and commercialization there is a virtual chasm, a disconnect between the world of research and the world of application. Many...
Uncategorized
As you prepare your NIH or NSF budget, you will also need to prepare a detailed budget justification. This is an important and mostly underutilized part of the proposal. Numbers on a spreadsheet are only half of the story. The reviewers need to see WHY you are...
DOD, Prime contractors
If you are planning to or have already submitted an SBIR/STTR proposal to the Dept. of Defense you probably have a keen interest in learning how to connect with prime contractors. Primes provide small businesses with various assistance during different phases of their...
Uncategorized, SBIR related, Federal Funding, SBIR Grants, Commercialization
Martin Zwilling, CEO of Startup Professionals, is one of my favorite bloggers on wide-ranging topics of interest to entrepreneurs and small business owners. One of his recent articles “13 Red Flags to Avoid in Your Investor Funding Pitch” contains solid advice for...
BBC General, Proposal Writing, SBIR related, STTR related
If you’re an entrepreneur seeking to improve your chances of winning SBIR/STTR funding for your technology, ask yourself this: Are you coachable? According to author and international consultant, Timothy R. Clark, “Coachability is the willingness to be corrected and...
BBC General, Proposal Writing, SBIR related, SBIR/STTR training, STTR related
One of the first things we advise our clients or prospective clients to do as they look forward to preparing a competitive SBIR/STTR proposal is to give themselves a leg up by starting off with some training. Lots of people don’t think they need training before...
SBIR Contracts, Proposal Writing, SBIR related, Federal Funding, Uncategorized, SBIR Grants
Last month, we outlined our top 10 dos and don’ts for getting your Phase I NIH proposal in shape and ready to submit before the April 5 deadline. This month we continue that theme by presenting what we have determined, over years of reviewing proposals, to be our top...
Uncategorized
If you’re planning to submit for the April 5 NIH SBIR/STTR deadline, now is the time to start laying out the steps you’ll need to take to get your polished, compelling Phase I proposal submitted before the deadline. Over the years, BBCetc consultants have reviewed a...
