The SBTDC's Technology Commercialization Team isexpanding in the Triangle! A posting for an additional Technology Commercialization Business Counselor position just went live on the UNC-Chapel Hill HR site.
We would appreciate your support in passing this email on to candidates that would be interested in applying!
SBIR/STTR Tutorials
The Small Business Administration's Office of Innovation and Technology offers a tremendous resource to those interested in the SBIR/STTR programs through its website at SBIR.gov. One of the key features of the site is its bank of tutorials at https://www.sbir.gov/tutorials. These tutorials offered in both audio/video and text offer both general and agency specific information via 18 different courses. There is value to be had perusing the topics whether you are new to the SBIR/STTR programs or have successfully received funding.
Benefits of Searching Current and Past Awards
One of the main "homework" items that we assign to small business clients that we work with is to research current and past SBIR/STTR awards. While the participating federal agencies offer award databases, we often suggesthttps://www.sbir.gov/sbirsearch/award/all because it encompasses all agencies' awards. Here you can search for awards by keyword, company name and topic code. Results can be filtered by agency, year, state, and phase.
In a data driven world it only makes since to tap into the available resources as you plan your next equity capital raise. This article is intended to help you identify great resources and how to utilize them as you prepare to raise capital.
The PitchBook database:
PitchBook is an outstanding database used by entrepreneurs and investors alike. They offer a searchable database of company profiles with a vast amount of information about businesses including fund raising activity, mergers and acquisitions, IPO, and in some cases even company financials and valuations. The database also includes profiles of investment groups and lists all of their investing activity with transaction details.
Value to you of using this database:
Create a target lists of investors that have invested in similar companies at a similar stage.
Look for comparable companies that have been acquired to inform your exit strategy.
Get a deeper dive investigation into M&A activity can help determine terminal value and revenue multiples of comparable companies.
Having this data can help you build credible pro forma financials with assumptions about the potential value of your own company in the future when you are acquired.
Virtual Becoming Investor-Ready Wrap-up
The SBTDC's Tech Team wrapped up its 2020 training event calendar with a 2-part "Becoming an Investor-Ready Entrepreneur" (IRE) workshop on 12/2 and 12/9. The primary goal of the program is to help entrepreneurs view investors as "customers of equity", so that they can reduce barriers to funding, navigate the process more easily, and increase the chances of obtaining funding.
With almost 200 attendees from NC and beyond, this was one of the most highly attended sessions in the 15-year history of the IRE program. We look forward to bringing this program to you either in-person or virtually again in 2021. More information about the program is available at: https://www.sbtdc.org/investorready
SBTDC's Exec Director to Retire
Celebrating 36 years at the helm of the SBTDC and his upcoming retirement, Scott Daugherty is highlighted in this month's edition of Business NC.
To the fearless leader of our organization, we wish you the best.
Experiencing Supply Chain Issues as a Result of COVID-19?
You're not alone. Appalachian State University (ASU) is partnering with the SBTDC in an effort to better understand the impact of supply chain disruption during the COVID-19 pandemic. ASU graduate students are gathering information on the supply chain challenges facing small and mid-size businesses via an anonymous survey.
Participating in the study will provide valuable insight into current supply chain issues and potential solutions. Businesses that complete the survey will receive a summary report of the study's findings and a link to the SBTDC's Digital Marketing Guide. The survey will take approximately 15 minutes or less to complete.
The North Carolina Procurement Technical Assistance Center (PTAC) educates business associates on how to obtain contracts by providing comprehensive assistance in selling products and services to local, state and federal government agencies.
The Technology Commercialization Services team provides one-on-one business counseling and advice to: small business owners, university researchers, and entrepreneurs looking to advance their innovations to the marketplace.
