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Resources for Starting a Company.

Ann Abraham1, Jude Mathew2, Sunil Thomas3

  • 1Lankenau Institute for Medical Research, Wynnewood, USA.

Methods in Molecular Biology (Clifton, N.J.)
|December 17, 2021
PubMed
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Inventors often face rejection when licensing novel products. This guide details resources for establishing and managing a startup company, overcoming common challenges for new ventures.

Area of Science:

  • Innovation Management
  • Entrepreneurship
  • Technology Commercialization

Background:

  • Licensing novel products to established companies is challenging due to perceived risk.
  • Inventors frequently consider establishing their own startup as an alternative commercialization path.
  • Significant barriers include company setup, financing, and operational management.

Purpose of the Study:

  • To provide inventors with essential information on resources for startup creation.
  • To address common concerns regarding the difficulties of founding and managing a new company.
  • To highlight available support from government and private investment entities.

Main Methods:

  • This chapter synthesizes information on entrepreneurial resources.
  • It outlines strategies for navigating the startup landscape.
Keywords:
Angel InvestmentBusinessCommercializationCompanyDiscoveryFinanceInventionsNIHNSFNational Institutes of HealthNational Science FoundationSBIRSTTRSmall Business Innovation ResearchSmall business technology transferStartupsVaccineVenture capital

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  • Guidance is provided on accessing financial and managerial support.

    • Main Results:

    • Government entities and private investment firms offer crucial support for startups.
    • Resources are available to facilitate company setup, financing, and management.
    • Inventors can leverage these resources to successfully commercialize their innovations.

    Conclusions:

    • Establishing a startup is a viable pathway for commercializing novel products.
    • Overcoming entrepreneurial hurdles is achievable with the right resources and support.
    • This chapter serves as a foundational guide for inventors transitioning to entrepreneurship.