The SAC SBIR Program
Introducing Ben Cadranel and the SBIR Workshop
The evening's keynote speaker, Ben Cadranel, founder of Advocacy Chiefs, brought a wealth of experience to the table, focusing on securing funding for startups. With a background in law, financial management, and accounting, Ben offers a unique perspective on navigating the startup landscape. His focus on obtaining non-dilutive capital through government and industry channels aligns perfectly with the needs of early-stage startups.
Collaboration with Local Institutions
This project is a collaborative effort, supported by the City of Sacramento, Sacramento State's Carlson Center for Innovation and Entrepreneurship, and UC Davis Venture Catalyst. These partnerships provide invaluable resources and expertise to support startups in their journey toward commercialization.
Understanding the SBIR Program
The Small Business Innovation Research (SBIR) program, a federal initiative, offers non-dilutive funding opportunities for innovative startups. The program is divided into two phases: Phase One focuses on developing proof of concept and prototypes, while Phase Two aims at commercialization. Ben emphasized the importance of aligning your research and development timeline with these phases to ensure eligibility and maximize success chances.
Eligibility and Expectations
To participate, companies must be for-profit entities, located in the U.S., and meet specific ownership criteria. The program welcomes both newly incorporated startups and established small businesses looking to innovate. Ben highlighted the need for projects to be truly novel and innovative, with a clear articulation of risks and potential societal benefits.
The Path to Success
Participants will receive comprehensive support, including workshops, technical reviews, and direct grant writing assistance. The goal is to select 8-10 companies over the next year, helping them submit successful SBIR applications. With the backing of local institutions and industry experts, this program is a golden opportunity for startups seeking to access early-stage capital.
Interactive Sessions and Open Discussions
The event fostered an interactive environment where attendees were encouraged to engage in open discussions. Ben addressed various questions, shedding light on eligibility criteria, application processes, and the importance of concise and clear communication in grant writing. Participants were urged to articulate their projects' value propositions and market opportunities clearly, aligning with the federal investment goals.
Innovation and Novelty: The Hallmarks of Success
A significant portion of the workshop focused on defining innovation and ensuring that projects are genuinely novel. The SBIR program seeks groundbreaking ideas that push boundaries and address unmet needs in the market. Ben emphasized that innovation doesn't always mean creating something entirely new; improving existing processes or products can also qualify as innovative.
Next Steps
As the evening concluded, attendees were encouraged to consider applying for the SBIR program if they felt ready. Ben offered his support and resources, urging startups to connect and explore the opportunities available through the program.
A Collaborative Future
The MedStart event and SBIR workshop exemplified the power of collaboration and community support in driving innovation in the life sciences sector. With a robust network of sponsors, partners, and industry experts, Sacramento is well-positioned to become a hub of innovation and entrepreneurship.
Call to Action
If you're a startup in the life sciences sector looking for support, consider joining the MedStart community and exploring the SBIR program. With the right resources and guidance, your innovative ideas can make a significant impact on society and the industry. Don't miss the chance to be part of this exciting journey toward success.
