The knowledge generated can help in solving every day challenges in fields like health care, medical technology, nutrition, materials, energy, and sustainability. Business Generator assists in transferring the knowledge generated at the UMCG and RUG to companies and society, by initiating collaborations and licensing opportunities. The process of transferring knowledge involves multiple steps and Business Generator can assist in each of them, for example, screening of ideas, obtaining intellectual property protection, identifying partners or customers, and negotiating agreements. Business Generator also supports starting entrepreneurs and companies with, for example, strategy development, business planning, organizational structuring and financial evaluations. There are multiple funding structures available and Business Generator can provide access to external funds and investors.
Any employee of RUG or UMCG with a potentially patentable idea can contact Business Generator or Research & Valorisation (R&V), who will jointly provide support in the patent process. This process starts with an intake of the invention, completion of an invention disclosure form, followed by a thorough prior art search and applicability scan. When both are satisfactory, a patent application is written and submitted by patent attorneys. All steps are done in close collaboration with the inventor.
Starting a company requires many different skills and activities. Next to a good idea are intrinsic motivation and dedication essential ingredients for success. With nearly all other aspects Business Generator can help to transform the idea into a successful company.