News on Grants for WomenStart-Ups Need a Jump-Start (Always On- The Insiders Network) - There is a controversy brewing in the world of government grant money to start-ups that is trickling into the VC community. The Small Business Association (SBA) of the US government administers Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) provides grants to small businesses (defined as fewer than 500 employees) to the tune of $2 billion per year. This compares to $20-30 billion per year in VC money that flows to start-ups, so a meaningful figure in the entrepreneurial economy. But the two worlds of VC-backed start-ups and SBIR grants have mixed like oil and water historically due to a key restriction in grant eligibility: start-ups that are 51% or more owned by VCs do not qualify for SBIR or SBTR grants. Thus, a young start-up in a field relevant to the government grant world has a conundrum when it considers taking VC money - it no longer will be eligible to receive non-dilutive government grants. See this article on grants here 5 steps for entrepreneurial success (Rediff News) Entrepreneurship has come of age. There is a lot of interest among career professionals to start their own enterprise sooner or later, but a majority of them stay back mainly because of the upfront investment involved and the risk of the venture not meeting its intended goal. Finish this entrepreneural article here University of Michigan, Eastern Michigan University to get innovation grants - University of Michigan researchers working on a handheld device for getting HIV and AIDS patients' blood cell counts are among the winners in the first funding competition held by a consortium of the state's universities. The Michigan Initiative for Innovation & Entrepreneurship consortium planned to announce $1.3 million in entrepreneurial grants today to help commercialize ideas within those universities. The MIIE is a partnership among Michigan's 15 universities, including U-M and Eastern Michigan University. EMU is expected to receive $60,200 for an entrepreneurship student intern program. The U-M team will receive $10,000 for the development of its handheld medical device. Finish reading this grant article here Colleges
share grant money (DET News)- 13 universities to receive $1.3M to work
with private industries on projects that will aid Michigan economy.
Thirteen state universities
will share $1.3 million in grants to work with private industries on projects
aimed at boosting Michigan's economy. The grants are set to be announced
in Lansing today by a new consortium of Michigan's 15 state universities
called the Michigan Initiative for Innovation & Entrepreneurship (MIIE).
The awards are the first in a multi-year, multimillion dollar effort to
help rebuild the state's economy on a foundation of diversified, knowledge-based
industries. Finish Share
grant money here
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