Read our latest blog:
SBIR/STTR Awards: Free Money?
We often hear, and say to ourselves, that SBIR/STTR funding is “free” money. While the funds are non-dilutive, requiring no repayment, we should clarify that SBIR/STTR awards are certainly not a “gift”. When a grant has been awarded the recipient company is making a promise to use the money as proposed, maintain eligibility, follow reporting guidelines and demonstrate progress.
Your task now is management of the funds awarded, and your most “expensive’ costs will be time and effort needed to do that.