Over the past decade there has been a significant increase in research expenditures at universities. Yet, most of this research that could have a major impact worldwide in areas such as health, renewable energy, the space industry, artificial intelligence, and climate change, never makes it to market. The primary reason is the lack of an ecosystem at universities that includes a well-defined process to identify, de-risk, and accelerate to market these emerging technologies that will transform the world. This process is not meant to validate the technology itself but rather if a company can be created around that technology. We believe that this represents a niche opportunity for us to help universities create their own innovation ecosystem and advance deep-tech & impact-tech startups originating from their research centers on a global scale.
We firmly believe that entrepreneurship is a means to transform communities, break cycles of poverty, create jobs, enhance quality of life, have local measurable impact, and build wealth. A university building its own innovation ecosystem will have a significant impact in their local community while guiding life-changing technologies out into the world.
One of our main goals at FVC is to "train the trainer" and share some of the best practices that we have seen at university incubators and accelerators as well as venture studios. Below is an example of a six-month roadmap for a university that is interested in creating its own innovation ecosystem to develop venture backed startups that arise from their university laboratories and research. Our team first works with the university's innovation team to perform a deep dive into the four phases of the entrepreneurial cycle. Afterwards, the university's innovation team selects a few technologies that we then work alongside with them to go through the four phases. This is a milestone-driven process ending with some of those technologies becoming startup companies ready to enter the market.
Advanced innovation through technologies originating from research laboratories that combine engineering, science, and design fields are highly complex in nature. Yet, these are the same technologies that are poised to shape the future such as blockchain, quantum computing, robotics, and the burgeoning space industry. For most investors though the crux of the issue is the uncertainty with these technologies that push the boundaries of science & engineering and their commercial viability. However, rather than shy away from the complexity of these deep-tech startups, we instead help universities build a system that actively mitigates the risk through a milestone-driven process with a continuous feedback loop that provide the option to proceed, halt, and seek investment based on measurable metrics. This is also combined with leveraging alumni networks to identify industry experts that curate the startups even further and identify the best market and opportunity to exit. Resulting then in a university portfolio of deep-tech startups that have a lower risk and greater potential returns.
Traditionally, university research has been licensed to companies in the private sector. However, that trend has shifted with changing macro-economic conditions. Companies are now more interested in acquiring startup companies that have proven market traction. Our goal then is to assist universities in adapting to these global market and industry changes.
Our team at FVC will be more than happy to meet with your team to map out a milestone-driven program to establish and/or enhance an innovation ecosystem at your university.
Consulting Fee:
$300 USD per hour
Billed monthly
Note: Fees are exclusive of value added tax (VAT)
Email: team@furinkazanvc.com
Phone: +1-574-710-8827
Address:
Innovation Park at Notre Dame | 1400 East Angela Boulevard | Suite 334
South Bend, IN 46617 | U.S.A.