The business plan is a strategic document that indicates how a health technology startup
intends to execute its company's business development functions, i.e., marketing, management and finance, and accomplish
long-term success. We work with our clients to produce a business plan that helps entrepreneurs successfully implement their
business development functions, resulting in gaining market share, generating consistent revenues and reaching profitability.
Small Business Innovation Research (SBIR) Phase I Proposal Development
Targeting the National Institutes of Health (NIH) and the National Science Foundation (NSF) Small Business Innovation
Research (SBIR) programs, we help health technology entrepreneurs use business strategy development documents, e.g., market
research analysis, business model and business plan, to prepare effective Phase I proposals and win seed funding grants for
the development of innovative medical or health technology solutions.
Physician Consulting Referral
To help our clients succeed in acquiring a NIH or a NSF SBIR Phase I seed grant,
Eighteen Ventures formed the Physician Consulting Referral Network. The Network includes experienced, knowledgeable and skillful
practicing physicians who are interested in working with entrepreneurs and startups pursuing NIH or NSF SBIR seed funding
This is how the network operates:
Ventures works with clients to identify their SBIR Phase I and Phase II project consulting needs. NOTE: The
SBIR program allow applicants to spend 30 % of their Phase I and Phase II project budgets to hire outside consultants.
(2) Eighteen Ventures forwards the clients a list of likely Physician candidates, from the Network, who could provide
expertise and augment the project research team.
(3) Once referrals are made to the client, Eighteen
Ventures notifies the potential consultants that their information was passed on to a client. We also include a summary of
the proposed project and technology development area. Finally, the clients and the physicians are responsible for establishing
a partnership arrangement.