Entrepreneurship & Spin-Outs

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Finding management for start ups / spin offs

We have a great technology and a great inventor who is enthusiastic about starting his own company. But this does not necessarily mean that we have a great entrepreneur with great management skills and thus a great spin off opportunity. The success of most university spin offs largely depends on the management skills of the founder team. How can a scientific founder team be complemented with management expertise? Where can it be found? Experienced entrepreneurs will discuss the challenge of finding the right people for start-ups.
Francis DeBlauwe Presentation (ASTP members restricted access)
Matti Airas Presentation (ASTP members restricted access)

When (not) to create a spin-off company

Spin-offs can be an ideal way of commercialising your technology, but in many situtions they are created for the wrong reasons or with the wrong aspirations. How to decide when to go for the licensing or the spin-off route, and how far should you be engaged as TTO (hands on vs hands off)?
Thomas Doppelberger Presentation (ASTP members restricted access)

The business plan

A business plan can not only help you in setting out the strategy of your venture, but is essential for attracting investors. Nevertheless, quite some business plans are dreadfully written and contain the same – classical – wrong approaches. How to write a good business plan?
Laurent Braun Presentation (ASTP members restricted access)

Deal structuring (1) Give me the money!

Raising money has become a real challenge these days. Which kind of money provider is the most appropriate for your business, and how to approach him? How much should I raise in return for which consideration (equity, equity substitutes,…)? Different strategies are discussed, as well as the risks they represent in the current financial environment.
Scott Johnstone Presentation (ASTP members restricted access)

Deal Structuring (2) Shareholder agreements

You thought the deal was done once the money is secured, but it appears some real hurdles are to be taken when negotiating the shareholders agreement. Our experienced speaker will guide you through voting agreements, board composition, tag along, drag along, pre-emption, liquidation preferences, anti-dilution protection, … and a lot more!
Anne Roucourt Presentation (ASTP members restricted access)

Case presentation

After the theory, now the practice! Elaborating the lessons learned in the previous sessions, a real life entrepreneur will guide you through one of his real life cases. In this workshop session, you will have the chance to learn in an interactive way.
Luc Kindt Presentation (ASTP members restricted access)

Proof of concept schemes/funds revaluated

We all know the problem: interesting invention … but not ready yet to be picked up by the market. Lots of different schemes and funds have been set up to bridge this gap: do they actually work? What are the recipies for success (or failure)? Can you make a profitable business out of POCfunding?
Rudy Dekeyser Presentation (ASTP members restricted access)
Eleanor Taylor Presentation (ASTP members restricted access)

Conflict of interest

Conflicts of interest seem unavoidable in the tech transfer landscape, not only for the scientists, but sometimes also for the TT officers, and managing these conflicts is of prime importance. Seasoned professionals provide you with an analysis of how they deal with conflicts of interest and conflicts of commitment in their respective institutions
Jörn Erselius Presentation (ASTP members restricted access)
Kevin Cullen Presentation (ASTP members restricted access)

The use and abuse of early-stage funds

Most technologies need further investment - whether to pay for patents or to develop further. Many governments/regions have got this message and are setting up early stage funds. How should such funds be structured and managed to ensure that they are useful and invested wisely?
Alex von Frankenburg Presentation (ASTP members restricted access)
Simon Barnes Presentation (ASTP members restricted access)
Herbert Reutimann Presentation (ASTP members restricted access)
Thomas Doppelberger Presentation (ASTP members restricted access)

Managing Universtiy Technology Development Funds

Many universities now have access to development, pre-seed or Proof-of-concept funds that can be used to add value to technologies that are ‘too early’ for licensing. Used wisely, these funds can be extremely valuable, but they are easily squandered. In this session we learn from the experience of two such funds.
Agust Ingthorsson Presentation (ASTP members restricted access)
Adrian Ibrahim Presentation (ASTP members restricted access)

Improving Entrepreneurship through Venture Contests

Because we have a shortage of entrepreneurs researchers need to become more entrepreneurial and outside entrepreneurs need to be fed into our start-ups. We introduce Venture Cups as a way of achieving this.
Vasilis Theoharakis Presentation (ASTP members restricted access)
Ioannis Arabatzis Presentation (ASTP members restricted access)

Boostraping new ventures

Is it possible to grow a business with minimal (or no) external investment? The attractions are obvious – no dilution or loss of control. All that is needed is an early source of revenue which can be reinvested in the business – which then grows in line with revenue. How realistic is this business model and under what conditions (and for what kinds of business) does it work?
Kees Eijkel and Daan Bijl Presentation (ASTP members restricted access)

Business Angels

Business Angels are often held out to be the ideal early-stage investor – they can fill the funding cap and management gap simultaneously. But how do you find them and what sort of businesses opportunities do they like? Are there any dangers that you need to be aware of and how do you structure deals with them? In this session we hear from an experienced business angel and a university TT manager who has worked with many angel investors. Tim Cook Presentation (ASTP members restricted access)
Georges Krikelas Presentation (ASTP members restricted access)

Corporate venture funds

Many major companies now run their own venture funds as a way of investing in novel technologies without bringing them in-house. Could we tap into the funds for our own spin-outs – forming joint ventures with the corporates? In this session we hear from two such funds – understanding where they invest and whether they are a viable alternative to venture capital.
Paul Morris Presentation (ASTP members restricted access)
Anders Brannstrom Presentation (ASTP members restricted access)

Sniff-Testing a Venture
(Fall Conference Athens 2005)

John Bates Presentation (ASTP members restricted access)