Require funding for commercializing a business idea?
University spin outs are businesses which are founded by researchers to transform their technological innovations into commercial products. These ideas are usually born in university labs, and require outside capital funding to make them commercially viable. Universities typically own the respective patents and copyrights, and execute spin-outs to raise funds vital for furthering the research process, and start manufacturing and marketing the product. Legally, they are no different from a regular business venture, and the researchers are partners in the business.
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