Funding

How to Fund Innovation for Free

HSC received a $2M grant from Tarrant County to develop a program that helps make it easier for innovative Tarrant County small businesses to apply for funding through America’s Seed Fund. Each year the Federal Government sets aside money in America’s Seed Fund (technically called the SBIR and STTR programs) to award to small businesses that are engaged in research and development with an effort to commercialize their technologies or products. There is approximately $4B available annually; these funds are nondilutive, meaning that companies that receive...

Massive One-Time Tax Credit for Startups

Starting a business under “normal” circumstances is a journey but if you started a business in 2020 or 2021 it was grueling. How about some free money to take the sting out of it?   The CARES Act, introduced on March 27, 2020 in response to the COVID-19 pandemic, contained a variety of programs designed to get money out to individuals and businesses and to stimulate the economy. One of these programs was the Employee Retention Credit (ERC), which allowed employers to receive a tax credit for qualified wages paid to their employees. The Cares Act was subsequently modified to include ERC...