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The Commercialization Funding Coach, Fred Patterson, Weighs In On SBIR Funding for Small Business Ventures in Wake of NIH Exclusion
Date:2/25/2009

hed to the bill where someone evidently thought it wouldn't be noticed. But we did notice. Without access to funding like the NIH stimulus, we will lose opportunities to help small businesses thrive and generate new jobs."
    
Mr. Patterson continues, "There is an on-going and meaningful debate about the merits of SBIR grants as a means to produce a solid ROI (Return on Investment) for the Federal Agencies providing the funding. To that end, small businesses need to understand SBIR grants as part of a more comprehensive business strategy, as opposed to the sole source of capital for a given venture." He continues, "The key point here is that for the Federal Government to have an incentive to continue to fund SBIR grants, this money must be understood as an incentive to drive technological innovation, not just as another means of providing the small business with some revenue."

As an experienced business executive, Fred Patterson is well versed in the steps to acquiring capital funding for small business ventures. He also relies on his years of experience as a commercialization funding coach, helping fledgling companies as an independent consultant. Mr. Patterson adds, "The important thing to remember in these economic times, is that strategy cannot be ignored. Without strategic insight and an analysis of head-on market realities, securing an ROIC (Return on Invested Capital) becomes a game of chance, and that's no way to do business."

The Commercialization Funding Coach, Inc. encourages new businesses to use SBIR grants as a means to achieve an end, not as the end itself. By improving the Technology Readiness Levels (TRL) and the Business Readiness Levels (BRL) of organizations, Fred Patterson is able to guide the decision-making needed to increase the Funding Readine
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The Commercialization Funding Coach, Fred Patterson, Weighs In On SBIR Funding for Small Business Ventures in Wake of NIH Exclusion
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