Remove Finance 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. – The Torch Program. Seed Funding (Innofund).

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. – The Torch Program. Seed Funding (Innofund).

article thumbnail

Why The Pentagon Can’t Count: It’s Time to Reinvent the Audit

Steve Blank

What if we could provide the defense department with new technology, new approaches to auditing, analytics practices, audit research, and standards, all while creating audit and data management research and a new generation of finance applications and vendors? challenges in finance, auditing and data management. The Road Not Taken.

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. Like the U.S. It went bankrupt in 1997.).

article thumbnail

Free Government Money for Startups

David Teten

A few weeks ago, Fred Wilson discussed the role of government grants in helping launch tech companies. Fred is not a fan and argues that evaluating and aiding early-stage companies is not a core competency of government organizations. He concludes by asking his readers to look into grant programs available for startups.

article thumbnail

Office of Naval Research (ONR) Goes Lean

Steve Blank

government federal research agencies to turn ideas into products. The framework has the team talking not just to potential customers but also with regulators, and people responsible for legal, contracting, policy, and finance support. This six- to ten-week process delivers evidence for defensible, data-based decisions.

Lean 250