Stacy L ChinFounder, KeepYourEquity · I get the government to write you checks

Reasons Why You NEED SBIR FUNDING IN 2024

2 Feb 2024 · 1 min

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In this video Stacy Chin explains why startups should actively pursue Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants in 2024. She emphasizes that these federal programs provide non‑dilutive capital, allowing founders to keep full ownership while funding critical research and development. The grants are especially suited for early‑stage, high‑risk scientific and technology projects, helping companies scale their R&D efforts, refine products, and accelerate growth without the pressure of equity dilution.

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That means startups can leverage these grants to propel their R&D efforts, scale the operations, and refine their products without worrying about diluting their ownership. And reason number 4 as to why startups should consider SBIR and STTR funding in 2024 is because these programs are an excellent way to support research and development, or R&D, efforts for new innovative scientific or technology endeavors. So the SBIR and STTR program are uniquely positioned to support early stage R&D activities particularly those that involve a higher degree of risk.