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Other pivots involved moving from a platform technology to become a product supplier, moving from a therapeutic drug to a diagnostic or moving from a device that required a PMA to one that required a 510(k). For example when one team found the right customer, they changed the core technology (the basis of their original idea!)
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.
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But as impressive as its technology is, the Apple’s smartwatch has been a product looking for a solution. 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. Much like the NIH SBIR program.) The Future.
Can you tell is why you started Akervall Technologies and a little about your business background? We proud ourselves of being a company on the cutting edge of technology. 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.
We just held our tenth session of our new national security class Technology, Innovation and Modern War. Joe Felter , Raj Shah and I designed a class to examine the new military systems, operational concepts and doctrines that will emerge from 21st century technologies – Space, Cyber, AI & Machine Learning and Autonomy.
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