Venture Funds for University Entrepreneurs
Publication date: Nov 19, 2013 11:33:59 AM
Nov 27, 2013 10:00:00 AM
End: Nov 27, 2013 4:00:00 PM
Location: IDEALondon, 69 Wilson Street, London EC2A 2BB
Student and graduate led enterprises, like many other businesses, often require financial support to enable them to achieve their objectives. Ranging from relatively small scale proof-of-concept or seed funding through to more significant investments and higher levels of funding required to cover costs of materials, prototyping, Intellectual Property protection and growth strategies.
Universities take a variety of approaches. Some provide small grants, some create loan funds and others invest in graduate businesses using an equity based model. Many use a combination of one or more of these approaches but in all cases questions arise about how best to manage the relationship between funder and beneficiary.
At the heart of this is the fact that the relationship between students/graduates and their universities is not a straight forward commercial relationship. Universities have a duty of care which usually leads them towards lending or investing on more favorable terms than a bank or ‘Angel’ investor. However, universities also need to see a return on their investments. Furthermore some would argue that an element of their duty of care is to introduce their students and graduates to the reality of the world of business – highly favorable terms might cushion young people into generating businesses that will be unsustainable in the open market.
This event aims to explore and identify a range of such funding models and programmes. It will also provide a discussion ground for positive and negative experiences in order to enhance our understanding of the range of initiatives available and the practical experiences of delivering them.