In the Enterprise Creation Phase,CTTEC uses developed processes and expertise to enable a smooth transition out of the University.
With a record number of potential "spin-outs", CTTEC has been instrumental in assisting the development and launch of ventures from Carnegie Mellon (you can access a list in the Facts and Figures section). Some of the services provided to these companies include:
- Gap Fund Assistance
- Management Advice
- Business and Industry Connections
- Key Management Placement
- Introductions to 3rd Party Service Providers
Through prior phases in Technology Transfer, we will have already performed a rigorous review of the market, which will be instrumental in helping build the business case for the new venture. Once a company is formed, the team is equipped to assess resource needs and administrative tasks over the next year.
Small funds are available to qualifying companies for proof-of-concept prototypes, advice on regulatory requirements and approval, travel to meet potential customers, market research, and assistance in writing market or business plans.