Remove Customer Development Remove Government Remove SBIR
article thumbnail

China’s Torch Program – the glow that can light the world (Part 2 of 5)

Steve Blank

This post is about the how the Chinese government engineered technology clusters. Of all the Chinese government programs, the Torch Program is the one program that kick-started Chinese high-tech innovation and startups. government’s SBIR and STTR programs. China Customer Development Technology Venture Capital'

article thumbnail

Reinventing Life Science Startups – Evidence-based Entrepreneurship

Steve Blank

Both of these groups, those who took the Innovation Corps class and those who didn’t, applied for government peer-reviewed funding through the SBIR program. The teams that skipped the class and pursued traditional methods of starting a company had an 18% success rate in receiving SBIR Phase I funding.

SBIR 321
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

China’s Torch Program – the glow that can light the world (Part 2 of 5)

Steve Blank

This post is about the how the Chinese government engineered technology clusters. Of all the Chinese government programs, the Torch Program is the one program that kick-started Chinese high-tech innovation and startups. government’s SBIR and STTR programs. China Customer Development Technology Venture Capital'

article thumbnail

Hacking for Defense @ Stanford 2021 Lessons Learned Presentations

Steve Blank

This was followed by an 8-minute slide presentation describing their customer discovery journey over the 10 weeks. While all the teams used the Mission Model Canvas , (videos here ), Customer Development and Agile Engineering to build Minimal Viable Products, each of their journeys was unique.

Lean 416
article thumbnail

Hacking for Defense @ Stanford 2020 Lesson Learned Presentations

Steve Blank

This was followed by an 8-minute slide presentation describing their customer discovery journey over the 10-weeks. All the teams used the Mission Model Canvas , (videos here ) Customer Development and Agile Engineering to build Minimal Viable Products, but all of their journeys were unique.

Oakland 314
article thumbnail

Doubling Down On a Good Thing: The National Science Foundation’s I-Corps Lite

Steve Blank

After seeing the results of 500+ teams through the I-Corps, the NSF now offers all teams who’ve received government funding to start a company an introduction to building a Lean Startup. SBIR/STTR Program and Startup Seed Funding. small businesses to turn Government-funded research into commercial businesses. Eleven U.S.

SBIR 120
article thumbnail

The Rise of Chinese Venture Capital – (Part 3 of 5)

Steve Blank

By 1991, 70% of the Torch funded startups were getting bank financing for expansion and later stages of the new ventures, with local governments acting as guarantors. SBIR and STTR programs, the Torch Program’s funding for new ventures was limited to seed funding the front end. China Customer Development Technology Venture Capital'