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Much like the NIH SBIR program.) China is plowing into this with government support, private and public funding, and a China FDA (CFDA) approval process that favors local Chinese solutions. There are well over 100 companies in China alone focusing in this area, many with substantial financial and technicalsupport.
Participants receive the financial and technicalsupport needed to mature nascent technologies that face long development cycles to the proof-of-concept level, helping them get to the point where they can access conventional sources of financial support to scale and launch into the marketplace. FGC Plasma Solutions.
An engineering services firm, TRISTAR is the first woman and minority-owned firm based in Indiana to offer the Department of Defense (DoD) technicalsupport services. This led to iRobot’s sale of more than 4,000 PacBot robots that perform perilous missions (like bomb disposal) in support of soldiers and first responders in combat.
Geared toward social impact startups working to create a healthier and more sustainable future, the accelerator provides access to training, products and technicalsupport. Other traditional options for non-dilutive financing include grants, loans, SBIR, STTR, vouchers, tax credits, etc: Wonder’s Overview of Non-Dilutive Funding.
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