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"Raising capital in the Midwest is a lot different than raising on the coasts," said Kurt Brenkus, CEO of Wisconsin-based Aver Informatics. "We had to hit the streets making the rounds with angel investors."
American tech entrepreneurs aren't all 20-somethings from elite universities. A Kauffman Foundation survey of U.S.-born CEOs from 500 engineering and technology companies revealed that today's American tech entrepreneurs are middle aged, well educated in business or technical disciplines, and hold degrees from an assortment of universities.
"User entrepreneurs" have founded more than 46 percent of innovative startups that have lasted five years or more, even though the group only creates 10.7 percent of all U.S, startups.
Who are the "players" in entrepreneurship?, a Kauffman Foundation white paper, offers insights on the universe of people a startup founder will need to work with in order for the company to be a success.
Intellectual property is one of the toughest subjects for entrepreneurs to understand. From dealing with the tech transfer office to hiring an attorney to filing a provisional patent, IP is a common stumbling block for early-stage entrepreneurs.
Intellectual property (IP) refers to creations of the mind. For a startup, IP likely refers to a particular product.
The Small Business Innovation Research (SBIR) program encourages U.S.-based small businesses to engage in research and development.
Like many healthcare entrepreneurs with social missions at the center of their startups, Kinsa's founder and CEO Inder Singh was faced with the challenge of finding investors without pivoting from his company's central goal.
For the life science textile company PurThread Technologies, landing an exclusive deal to embed Eastman Kodak's antimicrobial agent into textiles was a major victory that deserved celebrating. But PurThread president and CEO Lisa T. Grimes has made sure the company also lauded smaller achievements along the way.
Small Business Innovation Research program (SBIR) grants can be a key source of funding for early-stage entrepreneurs ahead of seeking out venture capital and other types of investors, who would take shares of the company away from the founder.
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