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How to Fund Your Company with No Dilution of Existing Shareholders’ Equity (LIVESTREAM)
May 27, 2020 @ 12:00 pm - 1:00 pm
| TIGER Talk
Please register by 8 pm, Tue May 26.
At 9 pm, we’ll send you a link to access the LIVESTREAM.
Every year the US federal government funds small businesses and startups with $3.5 billion through the SBIR/STTR programs (SBIR = Small Business Innovation Research; STTR = Small Business Technology Transfer) . These programs which provide non-dilutive financing for tech and manufacturing companies was created to foster successful research and commercialization of a wide range of strategically important technologies .
One successful application to SBIR/STTR can lead to $2.5M or more in funding. You can even you apply for this funding while you still have a day job, as long as you commit to working full time for your startup when the grant is issued.
Not surprisingly, obtaining this funding is highly competitive and it can be challenging to navigate the specific requirements of the varied federal agencies involved. On the other hand, the funding you are pursuing is GRANT funding! These grants never need to be paid back, accumulate no interest, and do not require you to sell part of your company – all highly desirable to founders. The National Science Foundation (NSF) describes its part of the SBIR program as “America’s Seed Fund.” This presentation will share lessons learned in funding a startup through this method.
Sarah Jordan is the CEO of Skuld LLC, a company focused on innovating the foundry industry. This is the 4th business Sarah has owned.
Skuld was launched in 2015 and it is currently headquartered in Gahanna at Rise Commercial District. Skuld received a Dept of Energy SBIR grant in 2019 to provide proof-of-concept for a process to make ductile iron 70% thinner than conventional processes. The Skuld team recently submitted the Phase II proposal for the same project. Skuld is also in the process of developing an National Science Foundation proposal for a new additive manufacturing method.
Jimmy John’s appreciates the community’s support during this difficult time.
Stay safe & stay healthy!
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