At most major research universities, faculty, grad students, and post-docs make ground-breaking discoveries through their research. These discoveries are typically captured by the university and its technology transfer office (TTO) as patentable intellectual property. And for most of the IP, the TTO seeks an established company as a licensee. However, the unspoken truth is that many of these inventions are too early for corporate licensing. In addition, many faculty have an interest in being involved in starting a company. They see it as an extension of their research; a way to translate and apply their research to solve problems in society. And for many TTO’s, they don’t have the staff, resources, or interest to support faculty in spinning a company out of the university
Research to Revenue Workshops are two-day workshops providing faculty, post-docs, and students with the basics of entrepreneurial technology commercialization, how to spin a company out of the university. The emphasis of the workshop is practical and hands-on. The instructors come from an entrepreneurial background, having founded and worked with dozens of university startups. Each participant will bring their invention, discovery, or technology to the workshop and use it as the subject of their learning.
The workshops are limited to 25 participants and cover the following topics:
- Laying the Foundation: Recognizing the opportunity and protecting the intellectual property
- First Steps: Building the business case and assembling the team
- Working with the university: Conflict of interests and licensing
- Founding Basics : Incorporation, governance, and equity distribution
- Communicating the idea
- Funding: Dilutive and Non-Dilutive
- Building the product development roadmap
In addition to these topics, participants meet with the instructors and local advisors for one-on-one discussion and mapping out of the next 12 to 24 months.
Who Should Attend
The workshop is intended for faculty, post-docs, and graduate students who have an interest in spinning out company and may or may not have an idea or innovation around which to form a company.