As the U.S. $3 trillion dollars healthcare system moves rapidly
towards reducing operational costs, increasing productivity and improving patient outcomes, the demand for novel technologies
continues to grow. The system, in fact, is counting on health technology entrepreneurs to help meet the demand. In response,
entrepreneurs obtain Small Business Innovation Research (SBIR) seed grants to produce original, profitable technology solutions,
e.g., mHealth devices, patient portals, robotics, wearable sensors, artificial intelligence, telehealth/telemedicine, remote
patient monitoring, etc. that stratify the system's needs.
Ventures is researching and publishing a series of publications designed to help health technology entrepreneurs learn
how to secure new health technology and medical device development funding from two participating federal agencies, National Institutes of Health (NIH) and National Science Foundation (NSF), and the private sector sources, such as Venture Capitalists, Business Angels, and Corporate Venture Capitalists.
Acquiring Small Business Innovation Research (SBIR) New Health Technology Development Funding
This publication presents
an overview of the National Institutes of Health (NIH) and the National Science Foundation (NSF) Small Business Innovation
Research (SBIR) programs. The programs, specifically, offer seed funding grants to produce innovative, market focused,
problem solving healthcare or medical solutions. In particular, this publication covers the following:
- Descriptions of the NIH SBIR and the NSF SBIR programs.
the funding priorities of each federal agency.
- Highlights the five items needed to prepare successful
NIH SBIR or NSF SBIR proposals.
- Illustrates the NIH SBIR and NSF SBIR new health technology
development funding process.
- Presents examples of funded NIH SBIR and NSF SBIR health technology projects.
New Health Technology
Development: Raising and Attracting Seed Capital©
Bringing a proposed health technology
concept to initial viability takes lots of money. The original sources of money usually come from an entrepreneur's personal
assets, family or friends. However, the early cash contributions are not enough to move from proposed concept to product prototype.
Entrepreneurs, therefore, need to seek external seed capital that will support the complete fundamental development of their
Eighteen Ventures' new publication, New
Health Technology Development: Raising and Attracting Seed Capital©, provides entrepreneurs with information on acquiring
seed capital from six external funding sources. In particular, the publication presents the following:
- Describes each external capital source, i.e., Crowdfunding, Business Accelerator, Business Angels, Venture Capital,
Corporate Venture Capital and Small Business Innovation Research, and explains how the money is raised from each.
- Offers a brief discussion on the new health technology development attributes that attract potential investors.
- Explains the role of a business model
regarding attracting potential investors.
- Discusses how to use
a business model to acquire seed capital.
To receive free copies of these publications, complete the order form below and submit. The publications will
be delivered to your provided email as a Portable Document Format (PDF).
Contact Mr. Darrell Williams today, at (305) 322-2443/Darrell@Eighteenventures.com, if you have any questions about the publication
or the publication order.
New Health Technology
The Health Technology Development
Briefs are designed to help aspiring entrepreneurs and small emerging firms learn about important issues, trends, market size,
business development opportunities in key industry growth sectors. Moreover, the briefs highlight how to acquire NIH
SBIR and NSFSBIR seed funding to develop innovative, marketable, problem-solving healthcare and medical solutions within the
The industry growth sectors covered
in the briefs include:
- Augmented Virtual Reality
- Behavioral Health
- Digital Health
can use the briefs to prepare a business model, a business plan or a National Science Foundation (NSF) and a National Institutes
Health (NIH) Small Business Innovation Research (SBIR) Phase I funding proposal.
To receive free copies of these publications, complete the order form below and submit. The
publications will be delivered to your provided email as a Portable Document Format
(PDF). Contact Mr. Darrell Williams today, at (305) 322-2443/Darrell@Eighteenventures.com, if you have any questions
about the publications or the publications order.