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Podcast: Investor Connect Podcast
Episode: Startup Funding Espresso – Conditions for Using a Grant
Description: Conditions for Using a Grant Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. SBIR grant funding comes with requirements for how to use it. SBIR funds for phase 1 are focused on determining the scientific or technical feasibility of a new concept or innovation. The goal of the funding is to reduce the technical risk and increase the development of intellectual property. Funds can be used for salaries, benefits, materials and supplies and direct costs to conduct R&D. Here’s a list of use of funds not allowed wi...