Startup Formation Support
Transforming university research into successful startups and new business ventures
From Lab to Launch
If creating a new business startup has been chosen as the optimal commercialization path, BSU's Technology Transfer and Innovation Office will assist in planning, creating, and funding the startup company.
We provide comprehensive support for faculty, staff, and students who wish to form startup companies based on university technologies. Our services guide you through every stage of the startup journey, from initial concept to launch and beyond.
The startup formation process integrates with our technology transfer workflow, ensuring proper IP protection and licensing agreements while providing the resources and connections needed for entrepreneurial success.
Why Form a Startup?
Startup formation may be the best path when your innovation requires significant additional development
Move quickly from research to market without the constraints of larger organizational structures and decision-making processes
Maintain control over technology direction, company culture, and strategic decisions as the founding team
Potential for greater financial returns through equity ownership compared to traditional licensing royalties
Best path when existing companies lack interest or capability to develop early-stage technologies
Create valuable learning experiences and career opportunities for students through real-world business building
Contribute to regional economic development through job creation and innovation ecosystem growth
Our Startup Support Services
Comprehensive resources to help you succeed at every stage
- •Business model development
- •Market analysis and customer discovery
- •Competitive landscape assessment
- •Business plan creation and refinement
- •Company formation (LLC, C-Corp, etc.)
- •License agreement negotiation
- •IP strategy and patent portfolio management
- •Founder agreements and equity splits
- •Grant opportunity identification (SBIR/STTR)
- •Pitch deck development
- •Investor introductions and networking
- •Financial modeling and projections
- •Entrepreneur-in-residence programs
- •Advisory board development
- •Industry expert connections
- •Peer networking events and workshops
- •Co-working and office space
- •Lab space and equipment access
- •Administrative and business support services
- •Student talent recruitment
Startup Formation Process
A structured approach to launching your university-based venture
Evaluate technology readiness, market opportunity, and entrepreneurial team capability for startup formation.
Develop business plan, license terms, and initial funding strategy with TTIO guidance and support.
Establish legal entity, execute licensing agreement, secure initial funding, and build founding team.
Execute business plan, achieve key milestones, and access ongoing support for scaling the venture.
Conflict of Interest Management
Faculty and staff forming startups based on university technology must comply with conflict of interest policies and obtain necessary approvals.
- •Disclosure of financial interests and company involvement
- •Management plans for balancing university and company roles
- •Compliance with time commitment and outside activity policies
- •Protection of student and postdoc interests
TTIO works with you to navigate these requirements and develop appropriate management strategies.