Boulder Innovation Center Commercialization Steps
With any new invention, many questions often remain about whether the technology represents a compelling value proposition. Boulder Innovation Center Program Managers and potential Advisors/Business Drivers can provide feedback and help define the key questions that must be answered before a value proposition can be demonstrated. These critical business questions can emerge at this stage or at a later stage in the process. The Boulder Innovation Center Program Manager and TTO can provide that feedback to the investigator, who may be able to answer these critical questions.
Some of the Key Steps;
Develop Opportunity Summary
Obtain “one-page” summary from TTO
Meet with inventors & TTO to understand:
-Nature of invention
-Uses and benefits
-Inventor interests
Match with market Expertise
Screen Boulder Innovation Center network for individuals with Industry knowledge, market expertise, ability and interest
Facilitate Commercialization Discussion(s)
Facilitate meeting with Technologists, TTO & Business Community to discuss commercialization paths
Follow up for interest & feedback
Confirm management team availability and interest
Form Company to License Technology & Launch
Agree to CEO/team & inventor roles
Develop
- Business model
- Business plan
- Funding strategy
The end goal is the formation of a new company based on the technology developed at one of our partner institutions. In the Boulder Innovation Center’s experience, only about 10% of the faculty teams research is ready to form a start-up. Please see our About page for more information the Boulder Innovation Center’s metrics.
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