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Old 01-18-2021, 11:42 AM   #5770
CaptainCrunch
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Nope and I agree, and that's why the grant process for startups is pretty stringent, its about more then just an idea, its about their business plan, its about if the idea is just an idea that's not all that innovative or is going into a competitive environment without any innovation or disruption.

The difficult thing for tech startups is getting them to a position of having an MVP that can present to funding options. For that, they do need business expertise and technical expertise that they might not have or be able to afford. Most startups don't have a great deal of money, and frankly banks for loans don't do a great job in dealing with this.

There's nothing the matter with providing a boost to startups as unlike larger organizations don't have the resources or cash in hand to do development cycles.

There are lots of startups that I've talked to that are not great startup ideas or innovative ideas, and the journey has pretty much ended. A pitch like we are like __________ (a already prevalent business in a sector, or doing the same thing as so and so) is not going to get you grants or garner interest from VC's or AIs. But the ones that are doing real innovative or disruptive work, that have a product that is going to be of interest, or fills a space that isn't being addressed, do need a boost up that they can't get early in their development stage.
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Last edited by CaptainCrunch; 01-18-2021 at 11:47 AM.
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