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Due Diligence Requirements for Start Ups and/or Small Companies
1. Obtain Phase I SBIR for development of Licensed Technology. Phase I milestones include :
(a) (b) (c)
2. Demonstrate the effectiveness of Licensed Technology by _______________(date)
3. Complete first working prototype
4. Test and evaluate prototypes
5. Make contact with at least 3 potential customers to obtain input on product.
6. Complete pre-production prototype
7. Scale up batch production to produce quantities for testing.
8. Scale up to pilot plant
9. Transfer of Beta test products
10. Provide a full business plan.
11. Make first scale
12. Obtain Phase II SBIR/STTR
13. Obtain $200,000 in external funding to support development of the technology
14. Make sales presentations to specific customers
15. Attend/present product at trade shows
16. Achieve sales of __________units by time ______________
 
 


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