Page 11 - 2020 Startup Guide

1. Communication
Contact OTD early in the process to discuss your innovation, how to obtain intellectual property protection, and your plans for forming a start-up.
2. Protection
Work with OTD and its outside legal counsel to obtain the appropriate type of legal protection (e.g. patent, copyright, trademark) for your innovation before publicly disclosing it outside of FAU.
3. Networking
Utilize the commercialization and economic development resources available to you through FAU to educate yourself on all aspects of start-up formation and build relationships with experienced entrepreneurs and investors.
4. Planning
Develop a business plan to demonstrate your understanding of the start-up’s market potential, competition and funding needs and define your path for growing the company.
5. Negotiating
Designate a representative of the start-up to negotiate an intellectual property license with OTD.
6. Funding
Meet with venture capitalists, angel investors and other sources to raise the funds necessary to commercialize the innovation.
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