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PREPARE to Fund Your Technology Development
Finding funding for technology development can be a daunting process. Sources of funding, which include Federal Grants, State economic development funds, debt financing from investment banks, and equity funding from Angels or Venture Capital, will use some form of rating to determine your suitability for funding. This article presents a schema for evaluating a venture's "Funding Readiness Level (FRL) ®", which includes the market readiness of the technology or "Technology Readiness Level (TRL)", the maturity of the business or "Business Readiness Level (BRL)", and the ability of the venture to manage the deal process and negotiate in its own best interest or "Dealsmanship". (This article appears in the Jan/Feb 2006 issue of The Austin Business District magazine.)

Other andy hardy Related Articles

Top 10 Tips Before Going on Camera for a Media Interview
If Andy Warhol was right and "in the future everybody will be world famous for 15 minutes," you want to be prepared beforehand in order to prevent becoming infamous. These 10 tips will help get you ready before the cameras turn toward you.
Crazy Dad Stories
Entrepreneurship requires serious determination. So does life. My friend Andy’s story of his dad’s fractured back reminded me of my favorite story about my dad’s dad.

The Conference Commando
Do you attend business conferences? How much planning do you do beforehand? Where is the value in the conference for you. Andy Lopata looks at a recent event he attended and how he made it the most rewarding conference of his career.

UK Business Network Celebrates 10th Anniversary
Reproduced with the kind permission of nationalnetworker.com Ecademy, the online UK business network, recently celebrated their tenth anniversary. Andy Lopata looks at the last ten years and the future of online networks.
Fashion, Rebels and Angels
This article originally appeared in The National Networker - www.thenationalnetworker.com Andy Lopata looks at the growth of niche social networks and wonders whether the online networking map is shifting
The Village Effect - Networking in Wales
This article originally appeared in The National Networker. Andy Lopata looks at networking groups in Wales and the importance of relationship building to break down borders.

The Scene is Set
Business Scene has set itself the task of becoming 'The Ticketmaster of Business Events'. Andy Lopata looks at the growth of a network of networks This article originally appeared in The National Networker
Strategic Retreat
Having started a business that doesn't succeed is a natural course of event. The hardy entrepreneur must not consider the failure of his business as personal failure. Get a job and wait for the next ripe moment to shine.
Stressed Out America - Resilience in Tough Times
Many Americans are exhausted from working long hours with little time for rest and renewal. A number of unemployed people are emotionally and physically depleted worrying about the past and anxious about the future. Given the tough economic climate, people seem to be adopting a more pessimistic mindset. We all need to learn how to be more resilient and stress hardy.
How to avoid the 7 deadly sins of business storytelling
Over in the American Express Open Forum I posted an interview with Jennifer Aaker and Andy Smith about the “7 Deadly Sins of Busines Storytelling.” It will help you optimize the impact of storytelling in your marketing.

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