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Why would venture capital-backed firms want to apply for SBIR/STTR grants?

April 26, 2017firms Grants SBIR STTR venture

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Why would venture capital-backed firms want to apply for SBIR/STTR grants?

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There is an on-going debate between small businesses and venture capitalists about SBIR funding. However, given that venture capital syndicates can easily provide $10-20 million dollar per financing round, I’m guessing that they probably don’t want their key scientists to spend the time to get an SBIR grant that is at most $1 million in total (Phase 1 & 2).