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
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 and the NSF SBIR
- Profiles the funding priorities of each federal agency.
the five items needed to prepare successful NIH or NSF SBIR proposals.
the NIH and NSF SBIR new health technology development funding process.
- Presents examples
of funded NIH and NSF SBIR health technology projects.
Health Technology Development: Raising and Attracting Seed Capital©
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 technology concept.
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
- 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.