|Vecta on University Spinouts|
|Academics are often
encouraged to work as consultants to industry but can
become disillusioned when their ideas are buried as
sponsors move on to other projects or leave the client
Worse, their ideas may be taken forward commercially by others who may reap significant financial rewards.
|Spinouts are sometimes
seen as a way to generate additional income for the host
University either through early royalties or later equity
disposals. In the US, where Universities have always had
a mandate to transfer technology arising from
government-funded research for the public good, licensing
of IP is more frequent.
Conflicts between protection, necessary for commercial exploitation, and publication, so necessary to develop and maintain delicate academic status, have been resolved by careful attention to timing.
always have capital and management needs that are
significantly different from the University and such
spinouts are usually given sufficient control of their
own destiny and are operationally independent.
However there are frequently conflicts of interest between the long-term interests of the University that may claim ownership of some key IP, the source research group that may have developed some pre-cursor technology, the founders who may wish to retain both academic and commercial interests and those of the company itself whose objects are more clearly focused on shareholder interests.
|A clear "unity of purpose" between contributors has to be established at the outset if University Spinouts are to overcome even the earliest of barriers they will face.|
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|More info from: Frank.Morris@vecta5.com|
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