How to Allocate University Spin-off Companies Equity Among their Owners
Journal Title: Roshd-e-Fanavari - Year 2014, Vol 10, Issue 37
Abstract
"iranian academic sector is approaching research commercialization, although, creation of university spin-offs is an initial experience in this sector. Legislation of “knowledge based firms support and commercialization of invention and innovations” has provided great opportunity for the creation of this type of firms in universities and research institutes. But universities and research institutes are still required to complete their infrastructures including rules and regulations needed for the creation of spin-offs. One of the most important of these is ""allocation of university spinoff equity among their owners"" regulation. Owners of university spin-offs are universities and research institutes, inventor researchers, investors and external entrepreneurs. Allocation of spin-off equity among these parties satisfactorily, is one of the important challenges to spin-off creation in universities and research institutes. This article first tries to identify founders and other parties that are gradually added to owners of spin-off companies. Then stakeholder's equity determinant factors will be discussed. Finally implementation of a framework for the allocation of spin-off companies' equity among their owners will be raised. 10 universities in America, Britain and Canada with spin-off creation experience have been studied in this article."
Authors and Affiliations
Bahman Facoor
Keywords
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