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Article: Research grants get high marks.(Small Business Administration)
- Article from:
- The Mississippi Business Journal
- Article date:
- May 18, 2009
- Author:
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Many early-stage entrepreneurs discover that wooing financial backers and scoring seed capital is in itself a full-time job.
A research-grant program administered by the Small Business Administration helped one startup maintain its independence, hunker down and focus on moving its product, artificial intelligence software, to market.
Quantum Simulations Inc. received $4.5 million through the Small Business Innovation Research program, which was a springboard to another $4.5 million in funding from other government agencies and foundations.
"Without the SBIR program, these grant opportunities and our commercial business model couldn't have been ...