University spin-outs are the world experts in their own technology. “They’ve been working on it for twenty years - if they can’t make it work nobody can. And if it doesn’t go right, they’ve got a whole lab they can get back into to reinvent the business,” says Tony Raven, CEO of Cambridge Enterprise, the technology commercialisation arm of Cambridge University. “For a start-up in the outside world, if the technology doesn’t work, it’s game over,” Raven said.
But technology alone is not enough. Spin-outs need to make business-sense and understand their potential markets. Raven and other experts from some of Europe’s technology hotspots shared their formulae for cracking this code at a Science|Business Network roundtable, “Sharing Best Practices in Spin-Out Formation” held in Brussels on 4 June.
To read the full, original article click on this link: University spin-outs need good technology, but they also need good business sense - Science|Business
