Creating a Start-Up or Spin-Off Company / Relationship to SFU
To the Reader:
There are two basic routes to take an invention that arises from university research into commercialization: the formation of a new start-up company and licensing rights to an existing company. The documents attached outline the steps and issues involved with creating a spin-off or start-up company and show how a clear understanding up front provides for smoother sailing later.
- Commercialization via Start-up Company - how the Innovation Office (IO) can assist the academic entrepreneur to plan and launch a start-up company while acting to minimize the risks involved.
- The Check List - describes many of the real issues that need to be solved by the inventor and the IO Technology Manager.
- The Conflict of Interest Identification and Resolution Document - provides suggestions for action to resolve certain situations.
- The Business Opportunity Document (BOD) - a key marketing document that the inventor and IO staff create together to describe the business opportunity.
After the IO staff have addressed the issues covered in these documents (usually 1-2 meetings) the path to commercialization is much clearer, the necessary action items identified and an implementation plan underway.
We look forward to working with you to promote the transfer of technology for society's use and benefit while generating unrestricted income to support research and education within SFU and provide compensation to the creator for undertaking the risk of commercialization.
For more information, please consult one of the IO Technology Managers listed in our Directory, or contact the main number, 778-782-4292.
