university–enterprise cooperation

5.13
A) University of Bristol - http://www.bristol.ac.uk
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B) The University of Bristol clearly defined the university procedures
concerning cooperation with enterprises and incorporated it into a
legal document under the title University and Vision Strategy 2009-
2016 and Research and Enterprise Strategy 2009-2016. University
of Bristol Strategy reaffirms priorities for research and enterprise
across the University, as detailed in the University Vision and Strategy
2009-16, and lays out the objectives for the next seven years. One of
the key deliverables is for the University Research Committee to act
as the Project Board for the implementation of the Strategy.
www.bristol.ac.uk/red/newco/incubation/sciencepark.html
http://www.southwestrda.org.uk/
http://www.uwe.ac.uk/
www.bristol.ac.uk/red/newco/
policy/
C) North Bristol will become home to a major new Science Park being
developed by the South West Regional Development Agency (SWRDA)
and its development partner supported by the Universities of Bristol,
Bath and the West of England (UWE) and other strategic partners.
This substantial new development will enable high technology businesses
in the South West to take the next step and successfully graduate
from the current business incubation facilities in the region, such
as those offered by the three Universities:
• Step 1: Pre-incubation for very early stage ventures;
• Step 2: Incubation for new small businesses;
• Step 3: Graduation space at the Science Park for smaller high
technology businesses;
• Step 4: Mature space at the Science Park for more developed
high technology businesses.
A spin out company may be appropriate if:
• Entry to the market by a new company is relatively easy with
few significant barriers;
• The marketplace is fragmented with a lot of small companies;
• The technology has many applications;
• There is a portfolio of patents;
• Further investment is required in the technology and associated
infrastructure in order to reach the market;
• There is a group of founders motivated to start a company;
• It is likely that investment funds can be raised for a company;
• There is a financial exit route for investors, including the University.
Members of staff require authorization from the University before
setting up or becoming an officer (director or secretary) of a spin
out company. The interests of the University, the individuals and the
spin out company must all be considered, and legal issues addressed,
including:
• The use of intellectual property owned by the University;
• The impact on existing and future duties of members of staff;
• The use of University resources, such as space and equipment.