Questions

What is the best way to find co-founding team (preferably with a serial entrepreneur) who is ready to partner with academic centers and spin off technology

This is not an easy process at all. I assume you are a University employee and an inventor. The first thing you have to do is to go to University Office of Tech Transfer office and get a right to commercialize the technology. OTT will make you sign a license agreement. I have been working with a number of startups that got burned by OTT because of license agreement that is greedy, so no business person would touch the technology because too much money will go back to University.
Getting a fair license agreement takes months of hard work. You need to have a business plan, comparative analysis to get into negotiation with OTT. http://www.anagard.com/services/TechnologyCommercialization.html OTT personal is not on your side, they want you to keep publishing papers and enhance brand name of the University, not help you get rich.
Most technologies developed at University are too immature for market place, so most likely the easiest way to commercialize it is via strategic partner, an existing company that can use this technology to enhance their own product line, or expand into a new one.
That's just generic answer without knowing more, but I have a lot of experience working with academics (NCSU, Duke, UNC) who want to commercialize their work and would be happy to help you.


Answered 6 years ago

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