Abstract
The author uses the case of Displaytech, Inc to illustrate the selection, formation and structure of successful university spin-off corporations at the University of Colorado Foundation. He highlights the key factors that have contributed to the success of University Research Corporation, a for-profit subsidiary set up by the Foundation to deal with equity and royalty income from spin-off ventures. Still using the case of Displaytech as an example, the author also explores the risks involved in university-sponsored new ventures. Advice is offered on corporate structure, reward systems, attainment of consensus, protection against liability, and equities and royalties.
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