Starting a Company
OTD typically spins out 2-4 companies per year based on UNC technology. Once a startup company is chosen as the commercialization route, OTD works with the company founders to establish a license agreement, giving the new company (typically exclusive) access to the relevant UNC technology, provided the new company meets performance benchmarks, including fundraising. OTD often works closely with the founding team to raise the startup capital needed, through our strong ties to the local and regional investment communities. In support of such entrepreneurial activities, OTD, together with the Kenan-Flagler Business School, offers Launch the Venture, an interactive 6-month course designed to assist faculty entrepreneurs in evaluating the feasibility of their potential company, designing a business strategy and creating a business plan. The course is free to UNC-affiliated faculty, staff and students. Detailed information can be found on the Launch the Venture website: http://www.kenan-flagler.unc.edu/Programs/MBA/concentration/entrepreneurial/launch.cfm