Find details of spinout support available including IP management, market research, business planning, funding, and building your team. There are a number of key areas to consider when planning a University spinout company and licensing University owned technology to this ’NewCo’: Exploration of the products/services the business will develop Assessment of the market(s) for these products/services Business model Assessment of the ‘technology readiness’ and funding options to help progress it IP strategy, protection and management Investor readiness of the opportunity and investor appetite Who will lead and build the team? Long term ambitions We summarise our support under the following main areas: IP management Some important early tasks include identifying, protecting, and accessing any intellectual property (IP) that a new business will need. Learn more about what IP is, how to search for existing IP, and the importance of disclosing your IP to EI before you share it more widely. Business planning We can provide tools, templates, and one-to-one advice to help you make a viable business plan and a compelling business case, connecting you to local and national business support and advice, as required. Market research We use internal and external resources to independently qualify the value of an innovation to properly ascertain its commercial strengths and weaknesses. Building your team You can only go it alone for so long! Consider what skills gaps need filling, how these might change over time, and how team members can be incentivised. Access to funding and awards Discover the numerous funding opportunities and awards available to you, which can really accelerate your entrepreneurial journey. This article was published on 2024-07-01
