Anyone have experience starting a biotech startup? My co-founder and I have an idea but it will require many years of R&D before commercialization. Wondering what are our options in getting funding to do the research required.

Looking at potentially applying to govt grants but am lost in the sea of options. Any help is highly appreciated. Thanks!

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Assuming it’s a drug target, SBIR grants and DoD grants for specific disease types are a great resource. They take a long time (hire a grant writer who’s fees are at risk), NSF is good for getting off the ground too.

If you can pair that with venture philanthropy to get you to proof of concept, you should be able to use that for a year to build up to raises for pre-clinical work.

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Thanks for the help! Do you know if it would be better to first incorporate a business so we can apply to grants specifically for organizations or try to find grants that are okay with just individual research?

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