Our Commercialisation Team offers support to Strathclyde academics, research staff and postgraduate research students looking to turn their research ideas into commercially-viable opportunities. They help in the formation of new companies that are based on University-owned Intellectual Property.
How it works
Stage 1: Opportunity registration
Register your new opportunity on the inventor portal. Once submitted, a member of the Commercial Team will be in touch to discuss your opportunity. Any initial questions can be sent to firstname.lastname@example.org.
Stage 3: Opportunity progression
A clear route to market has been identified and is being progressed towards an outcome (licence or new company formation).
Stage 5: Opportunity approval
This is the second gate for new company formation. A final business plan, which is required to show 18 months of financial stability, is submitted for formal approval of new company formation. Approval may be subject to conditions precedent (e.g. appointment of key staff, investment, licence agreement and conditions subsequent). Approval is signed by the Director of RKES and countersigned by an Associate Principal.
It's important to note that it's not possible to put a fixed timeframe on how long each stage should take as every opportunity varies in the stage of development, market readiness, founding team requirements and the investment required. As such, some opportunities may achieve commercialisation outcomes in a relatively short timescale, perhaps 12-18 months from opportunity recognition, but for others, it can take considerably longer.