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Eventually, the company managed to land additional financing in the form of a $1 million grant from the National Science Foundation. Some money came from a grant from BadVR, while at least $1.25 “When you get awarded them, you’re looking at a year’s worth of effort. That’s how BadVR got most of its $3.5
million in grants to continue building its acoustic resonance technology to assess lung function and changes therein. On top of the investment raised, the company was awarded an additional $1.8 million in grants from Small Business Innovation Research (SBIR), National Science Foundation (NSF) and National Institutes for Health (NIH).
Through its many past and present programs, solicitations, grant programs, budgets, and of course engineering projects, it generates a huge amount of documents — being, after all, very much a part of the federal bureaucracy. “Oh, we’re not running on grants! But NASA isn’t looking for new insights into Apollo 11.
” The company kept the lights on for the period after I met them with an SBIR award from the NSF, with the Phase I and II awards yielding more than $2 million in non-dilutive money to work with. I’m not the only one to think so, as Cruz Foam has already received about $5M in capital on top of the $2M in SBIR grants.
Federal grant recipients, subrecipients, and contractors face shifting priorities, new executive orders, and evolving funding practices. As the current administration rolls out new policies and executive orders, nonprofit organizations, social enterprises, and other grant recipients must adapt or risk losing essential funding opportunities.
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