For Start Ups

Funding Strategies

There are a number of funding options to consider for your start-up, including bootstrapping (using cash from company operations that are re-invested in the company) friends, family and personal assets. Small Business and Technology Development Center business advisors can assist you with your funding strategy through one-on-one meetings as well as a variety of training programs. Programs include:

SBIR/STTR Seminars and Training - Small Business Innovation Research (SBIR) and Small Business Innovation Tech Transfer (STTR) federal grants and contracts can be a compelling source of non-dilutive financing for high-tech, high risk, feasibility and product development projects. Eleven federal agencies (i.e. DOD, NIH, NSF, DOE, Homeland Security, NASA, etc.) are required to set aside approximately 2.5% to 3.5% of their extramural R&D budgets for small businesses. Training session are available by an SBIR expert in collaboration with the SBTDC and the Delaware SBIR Gateway. This two-day program provides tips, tools, and insight on what it takes to win an SBIR award. Applications are required, and those selected for the program are eligible for one-on-one consultations with SBIR experts at no additional cost. In addition to federal SBIR and other guidelines, applications mush have a business in Delaware and some rights to the proposed technology or access to innovative technology.

Attracting Technology Investors Seminar These half-day seminars are offered once per month and facilitated by a local angel investor. Participants learn how to eliminate technology, market, and scale-up risks, and how to pitch their technology to angel and venture capital investors. After the seminar, participants have opportunities to practice their investor pitch and make formal pitches in front of a local angel group.

For more information, please contact Gary Simon at 302-831-0772 or by email simong@udel.edu.