This handbook answers key early stage questions for those lacking experience in life science startup companies, or those simply willing to gain insight on the process. Carolina KickStart and Hutchison Law Group have produced this guide in an effort to better educate students, staff and faculty about the legal questions, pitfalls and expectations of spinning out a company.
In collaboration with Hutchison Law Group, University Spinout Founder’s Handbook is available at no charge to any faculty member. The 40 page handbook covers the following:
- Evaluating the Idea
- Business Plan
- Choice of Entity
- Ownership of the Company
- My Role with the Company
- Angel and Venture Capital Basics
- Governance Rights
- Exit Rights
- Intellectual Property Basics
- University Policies/Conflicts of Interest and Commitment
- Carolina Express License
- Sponsored Research Agreements
- Top 10 Startup Company Mistakes
The goal of our Biomedical eTeams (or entrepreneur teams) is to assemble multidisciplinary student teams to explore the commercial potential of UNC technologies.
Teams of three to five students – comprised of science, business, and law students – work together to assess applications of the technology and IP landscape, explore market opportunities, conduct market research, create a product development path, and more. Deliverables for eTeams include recommendation of the appropriate path for commercialization (i.e. licensing vs. startup) and a commercialization report that may serve as the foundation of a business plan.
Previous Technologies Reviewed by eTeams
Enzymatic Approach to Synthesize UltraLow Molecular Weight (ULMW) Heparins, Jian Liu
Lauren, Mitchell, Anand Patel, Daniel Rojas
Coach: Jeff Danner
CIB1 Manipulation to Kill Cancer Cells, Leslie Parise
Ernie Chang, Elizabeth Brotman Daniels, Justin Black, Tasneem Dharamsi
Coach: Bill Janzen
This series is a survey of fundamental considerations for those involved in a life science startup. Presentations are featured from Chancellor Holden Thorp, Fred Hutchison, Jason Wood, Joel Shaffer and more. Topics include intellectual property, incorporation, licensing strategies, public-private partnerships and more.
- Introduction to Intellectual Property
- Incorporation and Founder Stock
- Licensing University Technology
- Developing Real Products for Real Markets
- Elements of Patent Strategy
- Been There, Done That: Lessons Learned by Faculty Entrepreneurs
- Drug Discovery: What Patients (and Drug Companies) are Looking For
- Commercializing University Tech: Public-Private Partnerships
- Building Effective Management Teams
The Concierge Service for Entrepreneurs program helps researchers and entrepreneurs develop a business case for commercializing their early-stage technologies and business
ideas. For more information, visit www.kiconcierge.unc.edu
The BioEntrepreneur Workshop is designed to help faculty and students learn the practical aspects of starting a biomedical / life science company. Over the course of this two-day workshop, experienced entrepreneurs will coach attendees on how to evaluate the commercial potential of their technology, define the first steps in starting a company and assemble a startup roadmap for taking the next steps in launching the company.
The workshop will be held on July 17-18, 2014 at the Rizzo Conference Center. For more information and to register for the workshop, visit BioEntrepreneur Workshop.