Next week I’ll be one of three panelists in a live webinar hosted by Technology Transfer Tactics. The topic: how your technology transfer office can establish successful partnerships with government agencies.
This is a topic I’m quite passionate about, and one Fuentek is fortunate to have a wealth of experience with through our work with client TTOs and government organizations. When it comes to finding the right mix of funding and movement toward commercialization for your technology, understanding how government sources of funding can help you—and establishing realistic expectations—is critical. In the webinar, I’ll be focusing on the use of SBIR/STTR funding and how it can specifically help start-up companies move concepts forward to prototyping—a very important step in lowering the investment risk for potential venture capital sources and licensee prospects. A great advantage for virtual start-up companies is that they can get started with little upfront investment (no large staff or brick-and-mortar office), and then apply for government funding that will not detract from the company’s equity. In the presentation I’ll talk about how to go after these sources of funding, as well as what you should expect and the factors you should consider (both advantages and downsides) when going after these grants.
Also very relevant to start-up companies, the presentation by another panelist—Stephen Auvil of the Maryland Technology Development Corporation (TEDCO)—will focus on how state organizations can help fledgling companies get seed funding, as well as set up an infrastructure and network. This is a topic that Fuentek’s economic development paper discusses as well—specifically the use of state organizations like TEDCO to help start-up companies.
If your TTO is looking for new sources of funding, this is a session you don’t want to miss. Federal and state government organizations are a great source of funding and support for technology development—if you know the right kind of funding to go after, and how. Register now on the Tech Transfer Tactics site. We hope to see you (virtually) next Thursday!
–By Laura A. Schoppe