Here are some tips from women life science entrepreneurs who received NIH funding to support their Phase III business development:
“With SBIR grants, build a relationship with your program director. They are there to help you.”
“Take advantage of state and local resources available to small businesses and that are often free of charge.” Example: North Carolina Biotechnology Center – A regional accelerator “to accelerate life science technology-based economic development through innovation, commercialization, education, and business growth.”
“Be sure to take advantage of supplementary federal programs, such as I-Corps and TABA, that are offered to SBIR or STTR awardees. They assist with commercialization.”
“Look for local assistance and local events on SBIR.gov to find training and resources related to SBIR/STTR and learn from other life science entrepreneurs in your area.”