Federal grants can be a lifeline that allows life sciences startups to refine their technologies before they commercialize, but the nondilutive government funding can be hard to get.
The success rate for companies seeking grants through the government’s Small Business Innovation Research and Small Business Technology Transfer programs hovers between 11 percent and 15 percent, according to Bhramara Tirupati, of BBCetc, an Ann Arbor, Michigan-based business consulting group.
Tirupati shared these tips in a presentation she dubbed “SBIR/STTR 101″ that could help biomedical startups improve those odds.
