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Sample Due Diligence Requirements for Start Ups and/or Small Companies
1. Obtain Phase I SBIR for development of Licensed Technology. Phase I milestones include
2. Demonstrate the effectiveness of Licensed Technology by _____________(date)
3. Complete first working prototype by _______________(date)
4. Test and evaluate prototypes
5. Make contact with at least 3 potential customers to obtain input on product.
6. Complete pre-production prototype by _______________(date)
7. Scale up batch production to produce quantities for testing
8. Scale up to pilot plant
9. Transfer of Beta test products
10. Make first scale product
11. Obtain Phase II SBIR/STTR
12. Obtain $_______________ in external funding by _______________(date) to support development of the technology
13. Make sales presentations to specific customers
14. Attend/present product at trade shows
15. Achieve sales of __________units by time ______________
 
 


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