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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. – See more here.
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
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.
The science team is funded by an SBIR grant from NSF and we are very proud to be among the few companies in the country that actually have been funded. Your company produces solid revenue – what advice do you have for companies struggling to keep things even revenue-wise? We were in the black already after 2 years!
She’s currently Co-Founder and Managing Partner of WestExec Advisors , and former Co-Founder and Chief Executive Officer of the Center for a New American Security (CNAS), a bipartisan national security think tank. I’ve got to have access to recurring revenue to survive until then.” — On China. It’s not easy to do.
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