Financing your startup in the information security space through government funds
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Financing Your Startup in the Information Security Space Through Government Funds. Errol Arkilic The National Science Foundation Division of Industrial Innovation & Partnerships. Division of Industrial Innovation and Partnerships. Five Programs: Partnerships for Innovation (PFI)

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Financing Your Startup in the Information Security Space Through Government Funds

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Financing Your Startup in the Information Security Space Through Government Funds

Errol Arkilic

The National Science Foundation

Division of Industrial Innovation & Partnerships


Division of Industrial Innovation and Partnerships

  • Five Programs:

    • Partnerships for Innovation (PFI)

    • Industry/University Collaborative Research Centers (I/UCRC)

    • Grant Opportunities for Academic Liaison with Industry (GOALI)

    • Small Business Innovation Research (SBIR)

    • Small Business Technology Transfer (STTR)


The NSF Mission

  • To promote the progress of science; to advance the national health, prosperity, and welfare; and to secure the national defense


Financing your Startup:Big Themes

“Research is turning money into knowledge.

Innovation is turning knowledge into money”

- Geoff Nicholson VP 3M retired

Common misunderstanding between finance community and lead entrepreneurs: Perspective on Risk


Friends

And Family

Threshold

Technology Risk

NSF

SBIR/STTR

Threshold

Venture Capital Threshold

Finance Risk

People Risk

Strategic Partners

Threshold

Angel Capital Threshold

Market Risk

Enterprise risk signature


Take Away

  • There is Rationale behind the positions of the different types of resources available!

  • Know your potential funding partner

    • Stated needs

    • Real needs

    • Culture

    • Debt, Equity, Contract, Grants

  • Technology Risk: A finer cut


ResourcesAvailable

Growth

Public

Sector

Private

Sector

Market Penetration

Academic

Research

Innovation/

Translational

Research

Productization

Basic

Research

Technology

Maturity Level

Initial

Commercialization

Mature

What is your technology stage

?


Private effort to move out of “the gap”


SBIR and BAA programs

  • SBIR/STTR

    • Set aside

    • Department/Agency Culture

    • Customer/Investor

    • Grant/Contract

    • Justifies single-source contracts (post SBIR)

  • BAA

    • Contract R&D

    • More Resources… but


TOTAL ~ $2.3BEst. FY 2006

SBIR Participating Agencies

  • DODDefense

  • HHSHealth

  • NASASpace

  • DOEEnergy

  • NSF~$100 Million

  • DHSHomeLand Security

  • USDAAgriculture

  • DOCCommerce

  • EPAEnvironment

  • DOTTransportation

  • DoEDEducation


Take Aways

  • Programs with the same name are different!

  • Contact the program prior to submission


Financing Your Startup

  • First, Second and Third Question: Do you having something to justify “starting up”

  • Fourth Question: What is your “Risk Signature”?

  • Corollary:Where are you in the development cycle?

  • Fifth Question: Where are you geographically?


Thank You

For more information Contact:

Errol Arkilic

[email protected]


Useful Links:

http://www.zyn.com/sbir/

http://www.sbirworld.com

http://www.nsf.gov/div/index.jsp?org=IIP


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