Commercialization Resources

There are 2 broad categories of funding that support biomedical product development. The categories differ based on whether or not the current owner of the company gives up any ownership or control of the company in exchange for funding. Non-dilutive funding means the owner of the company does not lose any control to the funder while dilutive funding means the funders receive some part of the company (e.g. ownership, future profits) in exchange for providing the funding.

Non-Dilutive Funding

Overview of small business grants (SBIR/STTR)

• SBIR Tutorials - A range of online tutorials, including both video and multimedia options, through the SBIR/STTR website. These tutorials over all the bases within the application process, as well as offering advice to more seasoned SBIR/STTR awardees.
• Catalyzing the Next Generation of Healthcare Technologies and New Medicines - 52 minute overview video by Jennifer Shieh, PhD (NIH Small Business Coordinator and Program Director) provided by the UC Center for Accelerated Innovation and UCLA Clinical and Translational Science Institute. Gives an overview of SBIR/STTR from the NHLBI perspective.

Competitive Commercialization Plan and SBIR Phase II Application

• Writing a Good Commercialization Plan: Suggestions for SBIR/STTR Applicants – From the NIH’s National Institute on Drug Abuse, this document outlines each aspect of the SBIR Phase II commercialization plan with points of emphasis, outlines, and suggestions.
• NHLBI Small Biz Hangout: Writing Your Phase II Commercialization Plan – 1- hour video by Chris Sasiela, PhD, RAC, on best practices for writing a product commercialization plan as a part of the SBIR Phase II application.

Dilutive Funding

• What Angel Investors Want to Know Before Investing in Your Startup – A Forbes ‘small business strategy’ article, with the option to listen as a 15-minute podcast. Discusses key items angel investors analyze when making an investment decision, as well as key questions that will be asked.
• Angel Capital Association (ACA)’s Directory of Angel Investors – Includes angel groups, accredited platforms, and organizations affiliated with the ACA