The Neutrino Donut is working with several startups to identify grant opportunities and manage the initial stage of the project. The goal is to conduct the initial planning and develop agency approvals before developing the full SBIR application.
The Neutrino Donut is providing technology assessment services to multiple NIH grant programs. This review is a full evaluation of the technology as well as market development opportunities.
The Neutrino Donut will be conducting a training seminar on grant programs, fund raising, and planning for the Austin Technology Incubator SEAL program. This program will be delivered online on 9 July 2020.
SEAL’s core value is vetting emerging university startups from the market’s perspective, not the entrepreneur’s nor university ecosystem’s perspective. A by-product is to shift founders’ mindsets to be market centric instead of technology or product centric.
To accomplish this, SEAL coalesces a group of hand-picked, experienced startup mentors to assist each startup in identifying the next potential Go / No-Go Decision. SEAL then builds a set of industry-specific mentors to work with each team over the course of two months to do the work to rigorously answer the analyses underlying the Go / No-Go Decision. Additionally, SEAL brings in experienced entrepreneurs and technical experts to talk about their real-world experience in confronting some of the most common
Go / No-Go Decisions. This is particularly useful as startups confront an on-going sequence of these types of decisions, so SEAL primes its participants to have a baseline of knowledge as many of these common decisions will emerge in each of their journeys.
Most startups participating in SEAL have already removed significant scientific or technical risk through lab prototypes, pilot deployments, and occasionally, early sales. Given that, most Go / No-Go Decisions center on “scalability” questions around the underlying technology, go-to-market, team, funding requirements, firm economics, and other core business model components.
In prior years, SEAL has also facilitated ecosystem engagement opportunities to jumpstart the process of university-based entrepreneurs building out their ecosystem network. For many student founders, this represents their first “in-the-wild” professional networking experience. Austin’s startup ecosystem is overflowing with organizations, activities and people that support entrepreneurs and startups, so quickly learning how to navigate and engage with it is critical to the long term prospects for each
The Neutrino Donut is a partner of The Texas Global Health Security Innovation Consortium (TEXGHS). TEXGHS is a consortium organized by The University of Texas at Austin between academia, public sector, and private sector partners that will coordinate efforts to support companies working towards pandemic preparedness and response.
The goal is to coordinate existing resources in the Austin innovation ecosystem and to develop additional capacity to expedite research, development, and commercialization at the intersection of global health security and technology. Our intention is to be at the forefront of this issue in Texas, and to be prepared for what we anticipate will be significant interest in funding programs targeting pandemic preparedness and response.
Examples of coordinated efforts include company participation across incubator and accelerator programs, co-branding and co-marketing, direct funding for research, development, and funding, cross institutional research collaboration, cooperation across existing networks of global health security experts, representation to local, state, and federal governments, resource mapping across the innovation ecosystem, prototyping, engineering, and legal and regulatory support.
TEXGHS will support both the development of new technologies and the adaptation of existing technologies that address pandemic infectious disease threats. We believe that the COVID-19 pandemic has illustrated the immense scope of this challenge. This consortium is positioned to spearhead these efforts statewide.
Innovation in the Times of the COVID-19 – THE GRANT PROCESS
We are focusing on the development of new ideas in the time of Covid-19. Right now, corporate innovation and licensing has slowed, as R&D budgets are being cut. New biotech developments have slowed as lab activity has been curtailed. The Angel and VC markets, already risk adverse, have become more conservative.
In these times, startups will need funding but, just as importantly, independent validation of their ideas via the grant processes. By leveraging these grant based resources and applications, startups can find validation of their ideas and processes as well as received undiluted funding to advance their technology. From there, the startup will be in a stronger position to negotiate exits with these partners. The SBIR process involved extensive reviews of your idea from science experts, business experts, and project development experts, all of which will provide opportunities to fine tune your idea to commercialization.
We will discuss the Phase I grant, where the technical merit of the project is discussed. In Phase II, we will discuss taking your idea to the marketplaces. Then you can talk to the Angels, VCs and corporate licensing folks from a position of strength.
For the startup, this means planning the entire life cycle of your idea and figuring out where the exit ramps are located.
After the session, we will have an open discussion of the business / technical / funding challenges of your companies. Bring your questions and problems, the answers may be of interest to other folks as well. Led by guest speaker Earle Hager, Managing Partner / The Neutrino Donut, LLC Mr. Hager has worked extensively on technology assessment, business development, and grant process for several hundred startups. He has even does those Net Present Value spreadsheets required for financial planning on grants. He also knows almost everyone you may need to connect with in the corporate market. He comes to Los Angeles via Philadelphia and Austin.
The Neutrino Donut is working with a startup on their SBIR grant relating to rehabilitation strategies for patients. The company is seeking grant support via multiple sources.
The Neutrino Donut is working with an SBIR grant on technology which would supplement power for prosthetic devices. The company is seeking development opportunities with grants and industry partners.
The Neutrino Donut has joined an SBIR grant as the provider of business development services in their TABA funding. If the grant is awarded, The Donut will provide services to assist in the commercialization services. The technology relates to marine shipping technologies.
TABA stands for Technical and Business Assistance and is an item in the SBIR funding process.
The Neutrino Donut is working with a startup seeking SBIR support for their technology. The Donut will be developing the commercialization report as well as finding business opportunities for the company. The company has reached research agreements with several universities.
The Neutrino Donut is working with a startup developing a technology to help patients in the ICU. The company is seeking funding for this project.