Letter of Support for Technical & Business Assistance

[Date]

[Applicant Name]

[Applicant Title]

[Company Name]

[Agency Name]

Phase [I/II SBIR/STTR]

Subject: Support for [Company Name]'s Phase [I/II SBIR/STTR] Grant Application to [Agency Name]

Dear [Recipient Name],

DuoFounder is pleased to offer a letter of support for [Company Name]'s application for the [Agency Name] Phase [I/II SBIR/STTR] grant application. Our mission at DuoFounder is to accelerate the growth of founders and implement structural support systems that develop startups into thriving businesses and market contenders.

We transform emerging ventures into investor-ready companies through our comprehensive programming. The programming at DuoFounder, which [Company Name] will have complete access to and begin immediately upon the award of the [Agency Name] Phase [I/II SBIR/STTR] grant, includes:

Ideation and Design Thinking: Aiding in the cultivation of a market-driven mindset, we prepare startups to tailor their innovations to real-world applications and customer needs.

Market Analysis and Go-To-Market Strategies: We provide in-depth market insights and strategic planning tools, which empower startups to identify and seize market opportunities effectively.

Pitching and Communication: We coach startups to articulate their value proposition compellingly, ensuring that every pitch is an opportunity to captivate and secure potential customers and investors.

Customer Discovery & Pivoting: We facilitate interactive training that empowers the startup to rigorously test their market assumptions, engage with potential customers, and refine their value proposition based on accurate evidence and feedback.

Capital Strategy and Fundraising: Our modules on capital acquisition guide startups through the intricacies of fundraising, from angel investors to venture capital engagements.

Financial Modeling and Valuation: Startups are mentored in constructing detailed financial projections that showcase sustainable business models attractive to discerning investors.

Negotiation and Term Sheet Preparation: Hone essential negotiation skills, ensuring that startups are equipped to coordinate and secure customers, partnerships, and funding on favorable terms.

Startup Legalities and IP Protection: Our curriculum encompasses the legal frameworks and intellectual property strategies crucial for protecting a company’s interests and maintaining due diligence readiness.

Our team is eager to support [Company Name] with tailored services that complement the [Agency Name] Phase [I/II SBIR/STTR] program's objectives:

1-on-1 Strategic Advisory: Personalized guidance to polish business plans and investment pitches, enhancing the appeal to investors. Common workshop topics: Customer Discovery, Market Analysis, Go-To-Market Strategy, Financial Modeling and Valuation, IP Protection, and Fundraising Strategy.

Investor Readiness Workshops: Hands-on sessions designed to prime the startup for the expectations and rigors of capital fundraising. Our modules on capital acquisition guide startups through data room construction and the intricacies of fundraising, from angel investors to venture capital engagements.

Mock Investment Panels: Realistic simulations with feedback from experienced investors to refine the startup’s offering, approach, and Go-to-market strategy.

Curated Networking: Facilitated introductions to our network of Entrepreneurs, investors, and industry partners, providing a platform for potential funding and partnerships.

DuoFounder is committed to catalyzing [Company Name]'s transformation into a capital-ready enterprise. Your innovative venture [Applicant Title] has significant promise, and with the structured approach provided by our programming, we are confident in your success.

We anticipate a favorable review of [Company Name]'s [Agency Name] Phase [I/II SBIR/STTR] application and we look forward to working with [Company Name] in the months ahead.

With enthusiasm,

Taylor Bozarth - Chief Executive Officer

Jonathan Henry - Chief Innovation Officer

⁠

465 S Gay St | Knoxville, TN 37902 | taba@duofounder.com | www.duofounder.com

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