Hardware Podcasts

222: Securing Grants for Scaling Up a Hardware Startup

Product Startup · 18 Apr 2024 · 17m

What this episode covers

Micki Vandeloo, President of Lakeview Consulting, explains how hardware startups can secure government grants to fund scaling operations, noting her firm has raised over $250 million for clients. She distinguishes between state grants, which are smaller and easier to access, and federal programs like SBIR/STTR and the CHIPS Act, which target larger-scale facility and hiring expansions. Vandeloo emphasizes that grants require proven market validation and a detailed project design, warning founders to be conservative in their estimates to avoid clawbacks if they fail to meet specific outcomes like job creation or capital investment.

Most relevant to

companies scaling up

Topics

Mentioned

Companies
Lakeview Consulting, Mako Design
Also
SBIR/STTR, CHIPS Act, USDA

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