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Seeing a 200-percent revenue growth in just the first year after securing that loan, TRISTAR took out an additional $500,000 SBA-backed loan to expand its physical presence into two more locations. It has grown from five employees generating $120,000 in annual revenue to 350 employees generating annual revenues of $16.5
For example, having flexible work hours means you can hire talented candidates from different time zones, which will increase your productivity while keeping the costs down. Hiring an in-house legal counsel or consulting with an experienced law firm specializing in healthcare law is probably the best solution.
Alex has helped bring more than $160 million in funding to Texas startups through SBIR, STTR and other government funding programs for companies like Essentium, ICON 3D, and LIFT Aircraft. Bob invented Ethernet, founded 3Com (revenues of $5.7B), was the Editor of InfoWorld magazine, and was a venture capitalist at Polaris in Boston.
Frustrated by the FDA’s 20 th century processes for 21 st century technology, companies hired lobbyists to force a change in the laws that guide the FDA regulations. However, if the Apple Watch becomes a device eligible for reimbursement , there’s a huge revenue upside for Apple. Much like the NIH SBIR program.) The Future.
Thanks to organizations like DIU we’ve gotten much better at tech scouting; finding promising technologies that might have a military application, getting them on that initial contract – on a SBIR contract or an OTA prototyping contract. I’ve got to have access to recurring revenue to survive until then.”
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