Do you license to start-up companies?
Yes. Often, the best partner to develop and market a technology is a new company. The Office of Innovation Management works to structure the License with emerging companies to reduce risk and optimize returns from all. Often, these terms include a minimal license initiation fee, a “royalty holiday” for several years and reduced milestone payments. We understand that sometimes, a start-up company may be able to move the technology further down the developmental continuum so that it can be commercialized, licensed by a company with a franchise in the market.