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Spin-Outs: Creating Businesses from University Intellectual Property by Graham Richards

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It is probably best if the academic initiates the creation of a new spin-out company rather than some other person or body having to persuade him or her to do so. This is because it can be a very time-consuming and stressful business, as well as possibly distracting from normal research. The academic must want to do it.

In general the university may not grant permission for the academic to become an executive director – becoming a non-executive director or consultant is more common, although in some instances upon flotation some listing authorities have insisted on the academic becoming an executive research director. It is also the case that some funding bodies do not permit their funded researchers to take directorships.

It is also usually ...

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