New Venture Process
If it is determined that the best path forward is forming a university startup company as the next step in the commercialization path for a technology, the process will typically include the following general steps and support from Innovation Partners when a Texas A&M University faculty or staff member is involved, but may not occur in this particular order in all cases.
For Texas A&M University Inventors and Startups
Innovation Partners, other Texas A&M units, and select community partners offer entrepreneurial resources for faculty and staff inventors to better understand the best practices and considerations around starting a new venture. Our Educational Programs page contains information about training offered through our office. Inventors are encouraged to reach out to Innovation Partners staff for help in identifying appropriate resources on or off campus for your specific needs.
The National Science Foundation’s Innovation Corps (I-Corps) & Regional Node
This unique program uses experiential education to help researchers gain valuable insight into entrepreneurship, starting a business or industry requirements and challenges, with the goal of reducing the time and risk associated with translating promising ideas and technologies from the laboratory to the marketplace. I-Corps uses experiential learning of customer and industry discovery, coupled with first-hand investigation of industrial processes, to quickly assess the translational potential of inventions.
Texas A&M University is part of the Southwest I-Corps regional node offering programs to engage teams in the customer discovery process, establish product-market fit, validate the business model and improve odds for commercial success. Regional node programs can be leveraged to establish lineage for eligibility to apply to the national-level I-Corps program. For more information about these programs, Innovation Partners can offer advice with respect to our own experience participating in these programs and can also connect you with other university resources and points of contact who are very well versed in the program curriculum and what it takes to make a successful team.
The Texas A&M New Ventures Competition (TNVC)
Ensuring Today’s innovative Ideas Become Tomorrow’s Solutions
The largest competition of its kind in Texas, TNVC supports deep-technology commercialization by providing connections and capital where it will have the highest impact. Nearly $2MM awarded in prizes in the past six years. For more information, visit the TNVC website.
For Entrepreneurs and Investors
In many cases, university startups are bootstrapped operations being led by the lead faculty inventor or other team members involved in developing the technology and need specialized skill sets and expertise required to scale and run a business. On the other hand, many university technologies well suited for a startup as the next logical step toward commercialization are without an entrepreneur ready and willing to take on the formation and ramp up of a new company. We regularly seek expertise from those with specific domain knowledge and a variety of business-related skill sets and welcome you to contact our office to discuss potential partnership opportunities.
Entrepreneurs seeking promising technologies to take to market should browse our current portfolio or contact Innovation Partners staff for help in identifying university technology ready to be spun out into a new company for further development and commercialization.
Entrepreneurs interested in providing mentoring to Texas A&M University startups should contact Innovation Partners to discuss areas of expertise and interest to determine if a match can be made with an existing startup or relevant services or educational support can be provided to the broader portfolio.
Texas A&M University is a participating member of the Southeast XOR Program, launched by Wellspring in collaboration with leading research universities across the Southeastern Conference (SEC). The platform matches promising startups with experienced business executives, investors, and startup mentors drawn from the participating schools’ alumni ranks and affiliated networks. Please contact Innovation Partners if you are interested in learning more about becoming involved with this program.
Innovation Partners works with investors in the community and beyond to present intriguing business opportunities based on Texas A&M University technologies. Our office leverages coaching resources on and off campus to help university inventors develop clear and compelling pitch decks to ensure they are well prepared to present a potential investment opportunity. View our current company portfolio or contact Innovation Partners for more information.