When is it worth starting a business?
If your project has reached a certain level of progress, you might find it hard to make progress within the academic atmosphere. If you’re a basic science researcher, this will potentially happen when you reach a stage of developing a product deriving from your scientific results or if a knowledge based service becomes a regular source of income for the research group, thus establishing a company would prove to be a successful way to cut the red tape short. In general, if your project doesn’t fit in the university main activities (education, research, medication & innovation) through its participation in the project is still beneficial, you’re probably at the point of starting a business. All researchers have the right to choose this option.
What is the difference between a spin-off and a start-up?
The two concepts are often interchangeable. Strictly speaking, a spin-off is a small company deriving from a university research place that is targeted to elaborate a business idea. A start-up is usually a new knowledge intensive business.
What does the university support?
Please keep in mind that the university is primarily interested in spin-offs that meet one of the following criteria:
- it is destined to put a scientific result into practice, minor university royalty share
- it is a consultancy service with major university royalty share
- it is a start-up founded by a university researcher, without university share.
What can I do if I think my idea is ready to found a business on?
Please double check the documents available on this website, click here for the application form. Please consider the following questions before coming to your personal consultation to our office to facilitate managing your IP. It would help us a lot to process your idea.
- What are the primary scopes of my company? What will be its primary area of action?
- What are my priorities?
- What do you expect from the University?
- Who will be the possessors of the company (how will they share the property)?
What to do after my company is founded?
Efficient management is a key factor to success. We at your TTO will do our best to give you the most professional service we can and connect you to the right people (investors, business angels, industrial cooperations). We will give you advice how to manage your business, and you can cooperate with one of our colleagues to cope with that interesting job together.
Can I include the university if I already have my family business?
Well, if you want the university to acquire a share in your business, you had better look forward to a long procedure so we recommend you to establish a new company.
Can I apply at the TTO with my own business?
Certainly. Though different rules apply to a company of a university researcher’s own business, they can potentially be our clients. You may wish to be registered in the Semmelweis Innovation Database, join our incubator or apply for our business development programme.
What are the major collaboration types between the university and the industry?
- Research collaboration: our industrial partner finances a university research programme or they outline a joint action in the frame of a single research project;
- Hiring: our industrial partner finances a certain targeted research project that’s executed by the university;
- Research sponsorship: our industrial partner donated a certain sum for research purposes though its outcomes are still oblique.
What is the university policy in terms of money?
The policy varies according to the amount of income generated by the project. The “first million rule” is that the first gross million HUF goes to the inventors (or if the university is not a sole possessor of the IP, this sum is diminished to the share of the university in the project). For bigger sums the sheet below applies (after extracting costs & taking net sums in the sheet into account):
|Value of the invention||inventors||research group||university|
|less than 10 M HUF||60%||10%||30%|
|10-50 M HUF||40%||20%||40%|
|more than 50 M HUF||30%||20%||50%|