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Fred Patterson Articles

Written by: Fred Patterson

Financing Your Start-Up Business - NO FREE LUNCH - Click To Read Article
Start-up business need capital - money to finance operations until revenues are generated sufficient to meet all expenses, and make a profit! An Urban Myth is that the Government has money to grant for this - free money! Unfortunately it's not true. All money someone gives you has strings attached. There's always something wanted in return for providing it. This article gives the entrepreneur a good picture of what financing options a start-up business has, and what the strings may be.

PREPARE to Fund Your Technology Development - Click To Read Article
Finding funding for technology development can be a daunting process. Sources of funding, which include Federal Grants, State economic development funds, debt financing from investment banks, and equity funding from Angels or Venture Capital, will use some form of rating to determine your suitability for funding. This article presents a schema for evaluating a venture's "Funding Readiness Level (FRL) ®", which includes the market readiness of the technology or "Technology Readiness Level (TRL)", the maturity of the business or "Business Readiness Level (BRL)", and the ability of the venture to manage the deal process and negotiate in its own best interest or "Dealsmanship". (This article appears in the Jan/Feb 2006 issue of The Austin Business District magazine.)

The Role of Small Business in Unmanned Systems Development - Click To Read Article
Getting funding for developing technology is tough, always has been and always will be. Unmanned systems (robotic and remote control) technology is no exception, but it has an advantage: there is great interest in having machines do work in hazardous situations where human safety is at risk. Who gets the contracts for developing these new technologies that the DOD says it wants? Federal investment in research and development has always focused on big business and top-tier prime contractors. This article shows how small businesses can avail themselves of opportunities created just for them via Small Business Innovation Research (SBIR).

Innovation Gets a Boost with SBIR Cap Increase - But Commercialization Remains the Challenge - Click To Read Article
The recent increase in the SBIR funding caps look good to entrepreneurs, but their challenge of actually making money from their innovations is still a big challenge. The Valley of Death is hard to bridge. Congress has recently woken up to this, but will that be the answer?





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