melan.

Melan.

This case study examines how an early-stage quantum computing startup leveraged Melan’s expertise to secure significant non-dilutive funding.

Challenge

The startup had breakthrough technology but limited commercial traction. Traditional VC funding required metrics they couldn’t yet deliver.

Solution

Melan helped:

  • Identify relevant federal funding programs
  • Develop compelling technical narratives
  • Structure partnerships for stronger applications
  • Build matching fund commitments

    • Results

  • $25M in non-dilutive funding secured
  • 3 SBIR Phase II awards
  • 2 CRADA agreements with national labs
  • 1 DOD contract

    • Key Learnings

  • Federal funding complements VC funding
  • Lab partnerships strengthen applications
  • Program officer relationships matter
  • Long-term strategy beats one-off applications

    • Quote

    “The non-dilutive funding let us hit technical milestones that ultimately attracted VC interest.” – CEO

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