Playbook / Lessons / Applications: accelerator, grant and lender
StartupsWeigh a government research grant honestly
The author looks at government research grants for startups: they do not dilute ownership, but proposals take a lot of work, the topic has to fit, the wait is long and few proposals are funded. He suggests treating them as a side source of funds, not the main one.
“Only about 3% to 8% of all SBIR proposals submitted are awarded funding.”— Ron Flavin, Is Your Startup Right for Non-Diluting SBIR-STTR Government Grant Funding?, Sep 2018
Do this
Open the current topic list of one government research grant program this week and write down whether your product fits any topic, before you spend a day on a proposal.