You can look into the SBIR program from the federal government (www.sbir.gov/). Every federal agency with significant research dollars is supposed to participate in this program to help provide seed money to small businesses.
Each agency is slightly different but the gist is...
- Every year (or quarter or whatever) the agency will put out requests for grants. Some may be specific, some more vague. Examples might be the Navy wants to fund research in new glass material for underwater windows, or the department of energy wants new ways to monitor wind turbine health, etc
- grants are broken up in phases, so phase 1 may be $150k/6 months, phase 2 is $1M/12-24 months
- you write a proposal and submit it! It is evaluated by the strength of the statement of work and team.
- the idea is that ultimately you can commercialize the product! You should already have one customer :)
Comments
You can look into the SBIR program from the federal government (www.sbir.gov/). Every federal agency with significant research dollars is supposed to participate in this program to help provide seed money to small businesses.
Each agency is slightly different but the gist is...
- Every year (or quarter or whatever) the agency will put out requests for grants. Some may be specific, some more vague. Examples might be the Navy wants to fund research in new glass material for underwater windows, or the department of energy wants new ways to monitor wind turbine health, etc
- grants are broken up in phases, so phase 1 may be $150k/6 months, phase 2 is $1M/12-24 months
- you write a proposal and submit it! It is evaluated by the strength of the statement of work and team.
- the idea is that ultimately you can commercialize the product! You should already have one customer :)