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Pre-seed and seed-stage as a qualification for funding

Anyone who has perused through solicitations (either federal such as SBIR or for pitch competitions and accelerators) will notice that one of the many qualifications for applicants is that they are “seed-stage” or “pre-seed stage”, but what does that mean and why is important to be in this position for certain funding opportunities?

On the importance of pain points.

Behind the invention of every successful product, there is a story about a person whose needs were not being met by the available industry standard of that time. Problems are what inspire us to innovate.🔬 🧫 🧪