Emerging Indiana technology companies should consider grant opportunities as an alternative to raising private equity. The benefits are obvious as you are not giving up a stake in the business in order to secure strategic capital. A client of mine this past week engaged my technology law firm to assist in an SBIR grant opportunity. Other grant opportunities include NIH grants and 21st Century Fund grants.
The 21st Century Fund is a "must" to consider if you are an Indiana technology business. The Fund is described on its website:
The Indiana 21st Century Research and Technology Fund was created in 1999 by the General Assembly to stimulate the process of diversifying the State's economy by developing and commercializing advanced technologies in Indiana. The Fund is now an integral element of the Indiana Economic Development Corporation's Small Business and Entrepreneurship Division. 21st Century.
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