iCURE project: a new approach to rapid commercialisation
- Individual universities will put forward key research outputs that may have the potential for commercialisation.
- These prospects will be filtered to identify which are of sufficient interest to progress.
- For each successful prospect, an entrepreneurial team will be assembled, comprising the original researcher, an entrepreneurial lead (a recent graduate), and a mentor (supplying skills such as market knowledge, commercialisation expertise).
- The team will be provided with entrepreneurial training and support for a hypothesis-driven business model discovery process. Funding is provided for time and travel to explore the market opportunities and develop and check ideas. During this stage the commercial potential of the prospect will be validated.
- Each prospect will be developed by the entrepreneurial team to a stage where a business proposition can be
- delivered in a standard format (such as business model canvas). The prospects will then be submitted to a competitive review process, and those with the greatest potential will create a new spinout business.
- Other proposals may be taken forward in different ways (for instance through IP licensing).
Posted on Wednesday, 06 May 2015 under University news
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