One of Venture Center's unique strengths is enabling academic organizations and Government R&D labs to spinout companies.
The Venture Center has designed a unique program called Lab2Mkt program for systematically creating spinout companies.
List of Spinout companies from CSIR-NCL
The Lab2Mkt program is Venture Center's flagship early-stage technology commercialization program. Structured as a three-stage process, the Lab2Mkt program aims to fill the gap between a technology invention/innovation and a full-fledged business plan backed by a successful proof-of-concept.
Stage 1
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Technology & IP due diligence
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Customer discovery
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Market opportunities scan
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Risk identification, Proof-of-concept plan
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Preliminary commercialization strategy / business model
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Assembling a launch team; Build conviction in the plan
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Explore funding options and if possible secure in principle approvals
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Incorporation
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Technology in-licensing
Stage 2
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Pitch and Secure first funding commitments
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Execute early proof-of-concept plan
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Iterate for use case- value proposition
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Build strength around the use case- unique value proposition
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Demonstrate proof of value
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Engagement with Beta customers
Stage 3
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Investor readiness
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Strengthen leadership team
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Detailed business plan
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Pitch and secure significant investments
Venture Center will work with various partners throughout the Lab2Mkt program such as angels, venture capitalists, technology domain experts, IP creation & licensing professionals, government funding agencies, corporations, etc.
At each stage in the program, Venture Center seeks to identify and reduce as many risks - technology, market, team, etc. - as possible. In exchange for taking on these business risks, Venture Center will hold an appropriate equity stake in the spin-off incorporated during the Lab2Mkt program.
For details on applying for our Lab2Mkt program,
please contact us at Email: lab2mkt@venturecenter.co.in