Scout's AI platform helps founders find and win grants faster. The co-founder says SBIR applications typically take 200 hours and cost thousands. Scout claims to deliver results 20 times faster, at 30% of traditional costs, with a 10 times higher win rate.
Has anyone scoured a database and spent hours on grants.gov trying to find grants for their startup? So I am one of the co-founders and the CEO of Scout, and here we are developing AI platform to help founders find grants, write the grants, and then with our team, win the grants. I myself have been in this space for about 10 years, and many guys have who have done applications understand it's very frustrating to— for a couple reasons in this space. One, it's really hard to find grants. Has anyone scoured a database and spent spend hours on Grants.gov trying to find grants for their startup. How frustrating is it, right? Like, keyword searches don't work. Grants.gov have outdated resources, so it's really difficult, especially since everything is silent. Two, once you find a grant, even with an SBIR, it can take up to 200 hours to put together one application, especially something super competitive. And then three, once you get this awarded, there are a bunch of red tape, compliance, post-award management systems that you have to have in place in order to make sure you still get the payments allocated throughout the award. So there's a lot of issues right now, and so we're developing a platform solution where our platform can leverage AI to help you guys get funding 20 times faster and at 30% of the cost. Again, we have about 500 people today since launching earlier this year that's in Scout, and they love Scout for a couple different reasons. One, it allows them to have a 10x win rate because we're combining AI with our team of experts to accelerate the process. We're trying to package all the best practices from decades of knowledge into a platform delivered at scale for you guys. 2, you can do 20 times faster. I usually take about a month to put together one product description. Well, now we can do it within a day, which is really exciting, saving you weeks at a time. And then finally, 30 times more affordable. I don't know if you guys have worked with a grant writer. It's really expensive. And so we're trying to reduce that cost so that we can deliver these high-value services at scale.
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