In this episode of The Daily Windup, we have expert guests talk about the SBIR (Small Business Innovation Research) process. They discuss the challenges of turning an idea into a business and taking it to the commercial market, which is where most entrepreneurs fail. We explore how venture capitalists come in to fund commercialization, but if entrepreneurs do not know how to scale and enter into a business, the funding becomes pointless.

We also talk about how the SBIR process is not just about technology transfer, as entrepreneurs are seeking to control their technology, sell it to the government, and then take it to the commercial marketplace. They caution against throwing ideas at the SBIR that do not match the needs of the agencies. SBIR helps entrepreneurs market themselves by providing a platform to build on their technology and expertise, so listen to this episode to know how.