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

Secret to securing large federal contracts to raise multi MILLIONS for start ups

20 Nov 2023 · 0 min

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0:20

In this segment, the speaker explains that preparing a proposal for a large federal contract requires significant time, effort, and a dedicated team, as well as extensive networking (“door knocking”) to secure the necessary resources. Unlike the smaller SBIR awards that typically range from a few hundred thousand to a few million dollars, federal contracts can provide substantially larger non‑dilutive funding—examples cited include $5 million, $10 million, and even $100 million contracts. The overall message emphasizes the resource intensity of the application process but highlights the potential for massive, non‑equity financing for startups.

So the time and effort it takes to put together one of these applications, you might require a team of people to do so and a lot of door knocking to make sure you have the right resources and people in place. A lot of these federal contracts are also much larger. So unlike the SBIR, where you can get a couple of hundred K to a couple million, there are federal contracts out there for multimillion, $5 million, $10 million, even $100 million of non-dilutive funding.