香港六合彩中特网

In October 2021 the TRO hosted a three-seminar 鈥榁enture Insight鈥� series to help 香港六合彩中特网 researchers better understand Venture Capital (VC) as a funding option for commercialisation of academic research, highlighting considerations for researchers thinking of taking VC investment and improving chances of success.听

Seminar 1 鈥� What an earth is going on in a VCs mind?

鈥淰enture investing is absolutely about people and understanding how people make decisions and, hopefully, pulling in the same direction to achieve global impact鈥�. 鈥� Simon Goldman, 香港六合彩中特网 Tech Fund

This first session aimed to set the scene by covering what VCs do, how they think and what motivates them when it comes to funding projects, as well as the de-risking strategies that the 香港六合彩中特网 Tech Fund can help with 听to support a successful outcome.听

The seminar highlights three major components of decision-making processes, highlighting how they apply in particular to university-focused VCs:听

1. Risk/Return Structure 鈥� what are the risks being taken? What are the potential returns? How do these relate to each other?
2. Incentive Structure 鈥� What is motivating the person/people who are making the decisions?
3. Time Horizon 鈥� Over what period of time will a decision have impact and lead to other decisions needing to be made?

To learn about how these factors feed into a VC鈥檚 desire to invest in a project or not, watch the first session:

Seminar 2 - 鈥楧ue diligence鈥� and 鈥榖usiness planning鈥�: a mirror image

The second seminar provides some more background on the process of due diligence from a VC perspective 鈥� how do you get them to say 鈥測es鈥�? This requires an understanding of the concept of fiduciary duty, because an institutional VC will be investing other people鈥檚 money 鈥� and so they need to demonstrate that they鈥檝e completed a rigorous review of the potential risks and returns of any given program in order to get approval.听

The session also covers the detailed process of due diligence and business planning (which are basically the same thing), including:听

1. 鈥淲hy鈥� is the proposed program important: Unmet Need/Commercial Opportunity
2. 鈥淲hat鈥� activities are proposed to be funded: Business Plan/Gantt听
3. 鈥淗ow鈥� is the plan to be executed and a return generated: Teams/Risks/Returns

For more information and to explore these points in detail, watch the second seminar of this series in full:听

Seminar 3 - I鈥檓 suspicious of your cap table: what is this sorcery?

The final 香港六合彩中特网 Venture Insight seminar highlighted the importance of finding an exit for any given investment in order to generate a return 听 This includes two main routes for life-science intellectual property commercialisation:

• Is it a share of milestone/royalty venue on a license of the IP? And if so, then when is that likely to be received and how much will it be?
• Is it the sale of an equity stake? If so, then how is that stake going to be sold and when, and for how much?

If you would like to learn more about the most suitable exit strategy for your project, be sure to watch the final seminar of this series:

听If you鈥檝e watched the whole series and would like to talk to Simon about the opportunities discussed, please reach out to him on s.goldman@ucl.ac.uk.听

In addition, Pamela from the TRO would be happy to discuss translational funding options supported by her team and TIN opportunities: p.tranter@ucl.ac.uk. We also encourage you to sign up to the Therapeutic Innovation Networks (TINs) newsletter for internal and external funding opportunities.听

As a reminder, please note that all webinar recordings are available to 香港六合彩中特网 only, you must use your 香港六合彩中特网 account details to sign in and view the webinars.听