Purdue University has released a guide focusing on protecting and commercializing inventions. The Purdue Startup Guide is part of a collaboration between the Purdue Foundry and the Office of Technology and Commercialization and is designed to spark entrepreneurship.

January 29, 2014

News Release

West Lafayette, Ind. — As part of an ongoing strategy to foster entrepreneurism, Purdue innovators now have access to a Purdue Startup Guide that provides information on how to protect and commercialize an invention.

The 36-page online publication is a collaboration among the Purdue Foundry and Office of Technology Commercialization.

“Purdue innovations can be found in more than 100 countries around the world and benefit millions of people,” said Dan Hasler, Purdue Research Foundation president. “We realize that moving an innovation through the commercialization process is a daunting task, and the startup guide is designed to help ease the process by providing a high-level overview for Purdue innovators, entrepreneurs and partners.”

The Purdue Startup Guide provides expert advice in a number of patenting and commercialization areas including:

*Protecting an innovation by filing a disclosure, receiving a patent analysis and filing a patent.

* Licensing to existing companies including the various types of licensing agreements offered by Purdue Research Foundation.

* Setting up a company from corporate structure, accounting systems, corporate bylaws, non-disclosure agreements and other considerations.

* Developing a business plan including executive summary, market strategies, competitive analysis and a financial plan.

* Getting federal, state and local grants including SBIR/STTR, U.S. Small Business Administration, Indiana Economic Development Corporation and Elevate Ventures Inc.

* Securing tax credits including State of Indiana tax credits, Jumpstart Our Business Startups (JOBS) Act, and angel investing.

“In addition to providing a good foundation of information, the guide also gives Purdue entrepreneurs information on the numerous resources Purdue makes available to innovators, entrepreneurs and investors,” Hasler said. “Entrepreneurs are encouraged to visit our online landing page for links where innovators and entrepreneurs can find more resources.”

About Purdue Research Foundation

The Purdue Research Foundation is a private, nonprofit foundation created to advance the mission of Purdue University. Established in 1930, the foundation accepts gifts; administers trusts; funds scholarships and grants; and acquires property on behalf of Purdue. The Foundation manages the Purdue Office of Technology Commercialization, which operates one of the most comprehensive technology transfer programs among leading research universities in the United States.

About Purdue Foundry

Purdue Foundry is an entrepreneurship and commercialization hub in Discovery Park's Burton D. Morgan Center for Entrepreneurship. The foundry collaborates with longstanding activities already taking place in the center with a goal to increase the growing demand from Purdue innovators who have an interest in forming a startup or licensing their discoveries.

Source: Purdue Research Foundation

Story Continues Below