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Financing Your Startup in the Information Security Space Through Government Funds

Financing Your Startup in the Information Security Space Through Government Funds. Errol Arkilic The National Science Foundation Division of Industrial Innovation & Partnerships. Division of Industrial Innovation and Partnerships. Five Programs: Partnerships for Innovation (PFI)

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Financing Your Startup in the Information Security Space Through Government Funds

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  1. Financing Your Startup in the Information Security Space Through Government Funds Errol Arkilic The National Science Foundation Division of Industrial Innovation & Partnerships

  2. Division of Industrial Innovation and Partnerships • Five Programs: • Partnerships for Innovation (PFI) • Industry/University Collaborative Research Centers (I/UCRC) • Grant Opportunities for Academic Liaison with Industry (GOALI) • Small Business Innovation Research (SBIR) • Small Business Technology Transfer (STTR)

  3. The NSF Mission • To promote the progress of science; to advance the national health, prosperity, and welfare; and to secure the national defense

  4. Financing your Startup:Big Themes “Research is turning money into knowledge. Innovation is turning knowledge into money” - Geoff Nicholson VP 3M retired Common misunderstanding between finance community and lead entrepreneurs: Perspective on Risk

  5. Friends And Family Threshold Technology Risk NSF SBIR/STTR Threshold Venture Capital Threshold Finance Risk People Risk Strategic Partners Threshold Angel Capital Threshold Market Risk Enterprise risk signature

  6. Take Away • There is Rationale behind the positions of the different types of resources available! • Know your potential funding partner • Stated needs • Real needs • Culture • Debt, Equity, Contract, Grants • Technology Risk: A finer cut

  7. ResourcesAvailable Growth Public Sector Private Sector Market Penetration Academic Research Innovation/ Translational Research Productization Basic Research Technology Maturity Level Initial Commercialization Mature What is your technology stage ?

  8. Private effort to move out of “the gap”

  9. SBIR and BAA programs • SBIR/STTR • Set aside • Department/Agency Culture • Customer/Investor • Grant/Contract • Justifies single-source contracts (post SBIR) • BAA • Contract R&D • More Resources… but

  10. TOTAL ~ $2.3BEst. FY 2006 SBIR Participating Agencies • DOD Defense • HHS Health • NASA Space • DOE Energy • NSF ~$100 Million • DHS HomeLand Security • USDA Agriculture • DOC Commerce • EPA Environment • DOT Transportation • DoED Education

  11. Take Aways • Programs with the same name are different! • Contact the program prior to submission

  12. Financing Your Startup • First, Second and Third Question: Do you having something to justify “starting up” • Fourth Question: What is your “Risk Signature”? • Corollary:Where are you in the development cycle? • Fifth Question: Where are you geographically?

  13. Thank You For more information Contact: Errol Arkilic earkilic@nsf.gov

  14. Useful Links: http://www.zyn.com/sbir/ http://www.sbirworld.com http://www.nsf.gov/div/index.jsp?org=IIP

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