The U.S. remains at the forefront of technology innovation due to entrepreneurs that take risks. When combined with access to capital, these risks enable an entrepreneurial ecosystem that gives the U.S. a competitive edge. But where does an entrepreneur turn for capital when either the endeavor is too early stage, involves too much technological risk, and/or targets a market of insufficient size to warrant private investment (i.e., without the potential to deliver on a >10x ROI within three years)?
Doug Campbell breaks down his viewpoints on government-funded R&D programs, like SBIR and STTR, while providing a litmus test solution to avoid future ‘SBIR mills.’
Read the full article via VentureBeat here: Government-funded R&D is too important to squander on unworthy startups