Tips about early entrepreneurship from women life sciences entrepreneurs who received NIH funding to support their Phase III business development (CAP recipients):
“Federal funding opportunities for small businesses, such as the SBIR/STTR program, are a great way to receive seed funds. There are supplementary federal programs available that assist with commercialization being offered to SBIR or STTR awardees.”
“With regard to SBIR grants, build a relationship with your program director. They are there to help you!”
“Take advantage of state and local resources that are available to small businesses and often free of charge.” Example: NC Biotechnology Center – A regional accelerator “to accelerate life science technology-based economic development through innovation, commercialization, education, and business growth.
Find local resources that support SBIRT/STTR applications: Look for local assistance and local events on SBIR.gov to find training and resources related to SBIR/STTR and learn from other life sciences entrepreneurs.
