New Venture Creation
It is widely accepted that universities will play a major role in the development of an innovation based economy through the establishment of new companies based on university generated intellectual property. When appropriate, we strongly support the formation of startups as an avenue for commercializing Stony Brook developed innovations. Our office works with faculty and staff inventors, entrepreneurs and investors to create new companies and license technology that will form the basis of new products and services that will be brought to market.
We evaluate each new technology for startup potential based on the nature of the technology, development stage of the technology, availability of broad intellectual property protection, the interest of the faculty inventor, direction of their research, and the business model and market for the opportunity. While the availability of resources limits our involvement in new venture creation to the transactional aspects of licensing the technology, we will work to the best of our ability with the faculty inventor to help identify seasoned entrepreneurs and individuals to work with inventors to establish the company, development a business plan, license the technology and raise the funds required to advance the technology to market. We also work with entrepreneurs who approach the University looking for startup opportunities and encourage the entrepreneurial community to engage the University.
If you are an entrepreneurial faculty or staff member or an entrepreneur in the business community, we encourage you to explore this FAQ page related to licensing and patenting.