University-industry partnerships are an increasingly important part of successful academic research, as are university spin-offs. Spin-offs are companies formed by university faculty, students, or postdocs, usually based on a university license of intellectual property. University spin-offs may also be startups that are engaged in joint research projects with a university.
In recent years, university technology transfer offices (TTOs) have faced increasing pressure, and they are responsible for a multitude of activities, including:
- Relationship management
- Business development
- IP management & strategy
- Support services – including startup support and business counsel
One important benefit of university spin-offs is that they help the university’s technology get to market faster. They demonstrate impact and economic benefit while also benefiting the university in terms of improving image, reputation, culture, and financial gain. Further, spin-offs can increase faculty loyalty to the university, help attract new faculty, and bring in new partnerships and funding opportunities.
The seedsprint platform highlights the connection between innovation ecosystems, like your university, and affiliated spin-out, startups, patents available for license, and research projects, and puts these innovation ecosystems in front of industry partners. We’re free for universities, government labs, and NGOs/NPOs and we’d love to help you get in front of industry–you can learn more here!