Do you want to create a new startup company? The Georgia Tech Integrated Programs for Startups can jump-start the process. This program provides the training and support GT entrepreneurs need to launch companies based on GT intellectual property. The curriculum covers a diverse range of topics, including:
- making an “elevator pitch”
- developing a business plan
- constructing a management team
- fundraising via the equity markets or SBIR/STTRs
- anatomy of a license
- patent primer
- legal aspects of agreements (e.g., consulting, non-competes, proprietary information, employees, shareholders, etc.)
- conflict of interest
- use of campus resources
In order to “graduate” from the program, the inventor presents Office of Innovation Commercialization and Translational Research with a vetted business plan, approved management plan (if required), detailed management team, conflict of interest declaration, and a list of potential funding sources. After graduation, the company can enter into an express licensing agreement that requires no negotiation, drastically reducing the time it takes to finalize a deal.
The GT:IPS™ license is only available to Georgia Tech faculty, staff and student entrepreneurs and is completely optional. For those electing the GT:IPS™ License, founders must complete four required classes and two electives classes offered in GT:IPS™ Classes curriculum within 6 months.
Required Classes
- Conflict of Interest
- The Business Opportunity
- Intellectual Property
- Company Creation
Optional Electives (Select Two)
- Funding Options
- Consulting and other Restrictive Covenants
- Use of GT Facilities
- Agreements
- FDA Process
- Export Control
- Panel of Entrepreneurs
GT:IPS™ Companies founded by those completing GT:IPS™ Classes will benefit from a GT:IPS™ License that represent the best commercially reasonable terms GTRC can provide.
For more information on GT:IPS, please contact the Office of Innovation Commercialization and Translational Research.