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Tips on Writing Your Commercialization Plan

June 22nd, 2017 | by Michael Kurek

Martin Zwilling, CEO of Startup Professionals, is one of my favorite bloggers on wide-ranging topics of interest to entrepreneurs and small business owners. One of his recent articles “13 Red Flags to Avoid in Your Investor Funding Pitch” contains solid advice for your SBIR/STTR commercialization plan, as well as your investor pitch.

In addition to the overuse of buzzwords, such as “paradigm shift” and “disruptive technology” Martin flags more serious issues including:

  1. Too much emphasis on the technology/product…and too little detail on the skills and experience of the people that will be executing the commercialization plan. If those people are not currently part of your company, at least describe the plan for recruiting the skills you’ll need to get to market.
  2. Exaggerating the size of your target market. Working on the assumption that bigger is always better, plans proudly present $10+ billion worldwide market opportunities. Reviewers however will be quick to question the credibility of an early-stage company with limited resources exploiting such an opportunity.
  3. Bad-mouthing competitive companies and products. True there may be deficiencies in their solutions that your product will overcome but those benefits are best expressed in positive terms. After all, despite their shortcomings customers are still buying their products so they must be doing something right.
  4. Projecting annual revenues that exceed $100 million in Year 5. Marty points out that even Google achieved only $85 million in its fifth year. Gaining market traction takes time and does not often result in that revenue “hockey stick.”

Missing from the list was our personal favorite bit of strategic business magic: “All that the Company must do is simply capture 1% of this billion-dollar market to become a profitable $10 million enterprise.”

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Michael Kurek, PhD, is Sr. Principal Consultant with BBCetc.

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The Support Provider’s Dilemma: Is this Person Coachable?

May 24th, 2017 | by Jayne Berkaw

If you’re an entrepreneur seeking to improve your chances of winning SBIR/STTR funding for your technology, ask yourself this: Are you coachable? According to author and international consultant, Timothy R. Clark, “Coachability is the willingness to be corrected and to act on that correction. When we are coachable, we are prepared to be wrong. We

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Who Needs SBIR/STTR Training Anyway??

April 20th, 2017 | by Jayne Berkaw

One of the first things we advise our clients or prospective clients to do as they look forward to preparing a competitive SBIR/STTR proposal is to give themselves a leg up by starting off with some training. Lots of people don’t think they need training before they embark on the complex proposal preparation process. Maybe

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Top 10 Brilliant Ideas and Stupid Mistakes: Secrets of Phase II Proposal Success

March 15th, 2017 | by Lisa Kurek

Last month, we outlined our top 10 dos and don’ts for getting your Phase I NIH proposal in shape and ready to submit before the April 5 deadline. This month we continue that theme by presenting what we have determined, over years of reviewing proposals, to be our top 10 brilliant ideas or stupid mistakes

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10 Dos and Don’ts for Your Phase I NIH Proposal

February 2nd, 2017 | by Lisa Kurek

If you’re planning to submit for the April 5 NIH SBIR/STTR deadline, now is the time to start laying out the steps you’ll need to take to get your polished, compelling Phase I proposal submitted before the deadline. Over the years, BBCetc consultants have reviewed a great many NIH proposals and accumulated a long list

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Match Your Product to Agency Mission for SBIR/STTR Success

December 9th, 2016 | by Michael Kurek

Finding the best agency to fund your new product idea can be frustrating. You’ve identified a market need and know exactly how to solve the problem of your preferred target customer. The only catch is that the agency does not share your enthusiasm for the proposed product or its market potential. How to proceed? First

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Post-Award Changes Don’t Have to Be Daunting

November 11th, 2016 | by Kris Bergman

You’ve submitted an SBIR/STTR proposal and have been awarded. Great news, right? But before you receive any money something in your company changes from that portrayed in your proposal. Panic time? Not necessarily. Agencies recognize that the budget presented in your application is somewhat “experimental,” and between the time you submit and receive any money,

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Applying to NSF? Time to Get Cracking!

October 17th, 2016 | by Michael Kurek

The National Science Foundation has released its SBIR 16-599 and STTR 16-600 solicitations. These are two separate solicitations, this cycle with the same deadline of Dec. 6 and now with the same maximum budget of $225,000 for a Phase I award with a duration of 6-12 months. We’ve highlighted some key considerations for this cycle’s

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Be “Pitch Perfect” When You Talk to Program Managers

September 6th, 2016 | by Becky Aistrup

Imagine you are in an elevator with someone who is important to your business. You have from the time you step in until the doors re-open to present your busy listener with a succinct understanding your technology, the problem-solving impact it will make and why they should take note. And, you must do this in

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Application Submission System & Interface for Submission Tracking: Long Name, Easier Submission

August 24th, 2016 | by Kris Bergman

According to the National Institutes of Health (NIH), more and more SBIR/STTR applicants are choosing to make their submissions through the Application Submission System & Interface for Submission Tracking – or ASSIST – introduced late last year. If you haven’t heard about ASSIST, it is NIH’s web-based service for the preparation, submission, and tracking of

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