Startup Process: Six Steps to Launch

 

CONTACT OTD

Discuss your invention and how to protect the intellectual property to decide whether a startup company is a suitable option.

PROTECT INTELLECTUAL PROPERTY

Work with OTD to file a patent application on the invention before it comes public. A major asset of a startup company is its intellectual property. After public disclosure, obtaining a patent, particularly outside the United States , may no longer be possible.

3 SEEK INPUT AND NETWORK
Identify a mentor and work with him or her regularly, network with like-minded
  entrepreneurs, review ideas with potential investors, and evaluate the commercial
  aspects with potential customers. OTD provides the resources to get started.

4 PLAN THE BUSINESS
Develop an understanding of the market potential, competition, funding needs,
  and path to productization and profitability. OTD’s expertise is useful in providing
  guidance on competitive analysis, market assessment, and business planning.

 

5 NEGOTIATE THE LICENSE OR OPTION AGREEMENT
Obtain a license or option agreement from Harvard to demonstrate to potential
  investors that the company has secured the rights to the technology. OTD leads
  these negotiations along with an officer of the company.

6 PURSUE FUNDING

Commercializing technology typically requires external capital. Introduce the company to venture capitalists, angel investors, and, perhaps, friends and family. OTD assists in making connections with entrepreneurs, angel investors, and venture capitalists.

 

 

 

 

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