Startup Funding Espresso – Conditions for Using a Grant

Investor Connect Podcast

Conditions for Using a Grant Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. SBIR grant funding comes with requirements for how to use it. SBIR funds for phase 1 are focused on determining the scientific or technical feasibility of a new concept or innovation. The goal of the funding is to reduce the technical risk and increase the development of intellectual property. Funds can be used for salaries, benefits, materials and supplies and direct costs to conduct R&D. Here’s a list of use of funds not allowed with a Phase 1 grant: Incremental development of an existing product. Basic engineering work that has no risk. Testing of existing products. Unrelated scientific research. Market research, sales and marketing, and business development. Clinical trials. Procure goods or services from the federal government. Consider these requirements for the use of your SBIR grant funds. Also, the SBIR granting agency has unlimited data rights to the project. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let’s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: Check out our other podcasts here: For Investors check out: For Startups check out: For eGuides check out: For upcoming Events, check out For Feedback please contact [e-mail] Please , share, and leave a review. Music courtesy of .