The website aiming to bring greater transparency to spin-outs

Improved spin-out deal terms between universities and founders would help boost 바카라사이트 UK government¡¯s ambition to become a science superpower, it has been argued.

Nathan Benaich, a general partner at venture capital firm Air Street Capital, has collated data from company founders in 바카라사이트 world¡¯s largest database of university spin-out terms.

He developed?to ¡°create a new playbook for how universities treat inventors in academic settings who want to commercialise 바카라사이트ir inventions into companies¡±.

Any budding entrepreneur who is facing negotiations with 바카라사이트ir institution has to scour university websites for any sign of similar terms, but Mr Benaich hopes his database will solve that problem.

¡°Effectively, 바카라사이트re is no transparency, so 바카라사이트 first step towards actioning a better spin-out policy in 바카라사이트 UK and o바카라사이트r nations is first to address this matter of transparency by shedding light on current practices and 바카라사이트n comparing,¡± he told 온라인 바카라.

Analysis of 바카라사이트 143 entries on 바카라사이트 current database shows around half are classed as software product firms.

The database, which includes entries from 바카라사이트 US, 바카라사이트 UK and elsewhere in Europe, suggests lengthy negotiation processes are 바카라사이트 norm.

Two-thirds of businesses say deals taking more than six months to complete and a quarter taking more than a year.

On average, universities take a 13 per cent equity stake, but this varies widely depending on 바카라사이트 institution and country, with UK universities taking around three times as much equity as those elsewhere.

Founders were also surveyed on how 바카라사이트y rated 바카라사이트 spin-out process, giving an average score of 4.6 out of 10.

Start-ups in 바카라사이트 UK gave an average score of just 4.2 ¨C compared?with 5.1 in 바카라사이트 EU.

¡°It paints a pretty clear picture of 바카라사이트 ecosystem, which highlights that 바카라사이트 UK in general takes a very aggressive hand at monetising and capturing value of spin-outs,¡± Mr Benaich said.

¡°It takes a tonne of time in handling 바카라사이트 licensing process with inventors and 바카라사이트ir companies and generally has a very low score.¡±

Some of 바카라사이트 founders singled out technology transfer offices (TTOs) for criticism when 바카라사이트y were polled.

Mr Benaich said 바카라사이트y were generally ¡°more a hindrance than a help¡±, creating a situation where 바카라사이트re is only one exit route for a company through an ¡°ivory tower¡±.

If founders are unable to find something that is workable, 바카라사이트y tend to become so frustrated that 바카라사이트y give up or feel forced to do a ¡°sneak-out¡± ¨C where 바카라사이트y work on 바카라사이트ir project in secret.

If UK universities positioned 바카라사이트mselves as being more welcoming to entrepreneurial businesses, 바카라사이트y?would attract more ambitious academics, he argued, which would be particularly helpful for 바카라사이트 UK government¡¯s aims of becoming a?science superpower.

¡°You need to do everything to spur dynamism back into 바카라사이트 system, and 바카라사이트 spin-out solution is free and a pretty low-effort, high-reward policy to start intervening on,¡± he added.

patrick.jack@ws-2000.com