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BIO Magazine - Join Development Δεκέμβριος 2015
Δεκέμβριος 2015 No38

BIO Cluster

Join Development
Join Development

Dissemination services/activities

  • Exchange of research information (finding) to scientific public.
  • Promotional, activities for the further education of research finding of general public in the international sciences.
  • Consumers services for strategy development.
  • Networking services.
  • Completion of information brochures.

Startups Companies

Startups are companies set up to test business models developed around new ideas. These companies, generally newly created, are in a phase of development and research for markets. Start ups are usually made up of developers and designers – people who write code and those who can design a consumer-friendly interface. To build their idea startups work with investors. Investors are drawn to startups because the cost is low and despite higher risk, can offer significantly higher return if the idea becomes popular. Once funded, startups can grow quickly while maintaining low costs and limited labor. Typically they have fewer than fifty employees.

Spin-off Company

A Spin-off company is a new business entity formed to commercialize one or more related inventions generated from the research work from a host institution. Forming a Spin-off company may sometimes be an alternative to licensing the IP to an established business.

Creating a spin-off company around a technology has the potential to generate significant wealth as a large share of any profits made are retained by the company, with the inventors being shareholders in that company. Creating a spin-off may also be an appropriate commercialization route when there is a need to develop a technology further to extract its commercial value or when the team surrounding the technology is strongly entrepreneurial.

Not all research is suited to becoming the platform for a new business. Creating a company is not a new research project it is a business project that, from a technology or an invention, a return on investment can be generated for the investors.

 

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