Every business needs one or more of the elements eligible to be funded by a TABA request. These include:
• Intellectual property planning and protection
• Assistance with financial plans for improving management or fund raising
• Assessing markets, competition and pricing
• Other services such legal help, installation of government approved accounting systems, and the training needed to operate them and anything else which can assist a small business in “developing and commercializing new products and processes”.
Now, small businesses can get the government to pay for this critical early-stage help. Without TABA, such assistance would be paid from the always-scarce financial resources of the Company. Or, more likely, the help would be deferred until some future date…often when it is too late.