What factors does SDSMT consider when considering licensing a start-up?
When licensing to a start-up SDSMT must ensure: – That the technology being licensed is appropriate for a start-up (for example, a process for the production of ethanol would not be appropriate due to the capital resources required). – That a sound management team, with business experience, is in place. – That they have a realistic business plan with appropriate cash flow projections. – That the license agreement includes milestones for bringing the technology to market. – That any potential conflicts of interest can be managed.
