IP STRATEGY FOR STARTUPS
Accelerate your Start-Up Success with Our Entrepreneurial and Business Development Support Packages
Entrepreneurial and Business Development Support Packages
Pull out the start-up stops and proceed with greater speed and legal surefootedness along your path to success. Let Spark IP put its legal mettle to the pedal for you and your start-up so you can move forward aggressively and intelligently. We help our clients maximize opportunity while minimizing risk and liability.
Spark IP offers innovators like you entrepreneurial and business development start-up business services put together in affordable packages that suit your innovation category, budget and need for speed. We’ll help you with strategic development and funding strategies for start-ups, create a pitch deck, write a business plan, and more. Putting them together in packages is our unique Spark way of making things easier for you by: (1) giving you an idea of the full scope of start-up business services that Spark IP makes available to you prior to, during and after launch; (2) organizing them in a way that allows you to match our services with your needs and budget; (3) giving you a look at what the full bore, 6-on-the-floor, “Advanced” model looks like for those with a vision for full-blast ignition! Not everyone can go with the Advanced model, so we created three options. Note: All time ranges are estimates for guidance purposes only. They will vary based on the complexity of the technology, company and licensing activity.
Business Plan Basic Outline – Our most basic help with business plan writing includes reviewing client’s technology concept and working with client to complete a basic outline for a guidance business plan with brief abstracts for each section.
Draft Investor Pitch Deck – Review client’s technology concept and provide draft investor presentation deck (PowerPoint) for investor or business plan competition presentations. Discuss with client.
Executive Summary Draft/Edit – Review client’s technology and business strategy. Draft or edit company’s Executive Summary. Review with client and make changes per client’s direction.
Technology Transfer Guidance – Meet with client and explain Licensing Processes. Provide brief recommendation for licensing strategy. Draft Marketing Document for Technology Transfer – Develop non-confidential summary of licensable technology for pitches to potential licensees. Review with client and revise.
Business Strategy Guidance – Meet with client and review client’s technology concept(s) and business goals. Develop draft business strategy based on client goals.
Edit Client Business Plan – Review client’s prepared business plan. Develop strategy for edits with client’s input. Revise document and review with client.
Identify Licensing Targets – Review client’s business strategy and technology. Discuss licensing goals with client. Develop and prioritize target licensee list. Identify licensee points of contact where possible. Review target list with client and adjust priorities.
Business Valuation Guidance – Review client’s business strategy and documents. Explain Basic Valuation Processes and Suggest Strategy for valuation in advance of licensing deal or investment search. Draft guidance document and review with client.
Technology Evaluation – Review technology concept with client and explain technology evaluation process. Research technology field and review results of patent search by contracted search firm. Research market opportunity and draft assessment of market opportunity by financial size and competition. Review draft assessment with client and revise based on client direction. Provide final report to client.
Business Strategy Development – Review client’s technology concept(s) and business goals. Research comparable businesses for alternative models. Develop business strategy based on client goals. Discuss with client and revise based on client direction.
Business Plan Development – Review client’s technology and business goals. Discuss Business Plan models and set target model. Develop business plan based on client’s goals. Review with client and edit as directed. Market Licensable Technology – Review business strategy and technology. Develop and prioritize licensing target list. Identify licensee point of contact and make contact. Review, edit and execute non-disclosure agreements with interested licensees. Gather and provide diligence information to potential licensee. Follow up with potential licensee(s) for final decision. Meet with client to discuss license negotiation strategy for interested licensee(s).
License Valuation – Review business strategy and technology. Discuss valuation options with client and decide on appropriate valuation model. Research financial case. Build valuation model (Excel) for client. Discuss and explain all assumptions and demonstrate model. Revise model based on final client feedback.
Negotiate License Agreement – Review business strategy and technology. Research comparable deals and build license terms strategy. Discuss license terms strategy and assumptions with client and establish target range for each term. Negotiate license terms with potential licensee and prepare term sheet (binding or non-binding). Review negotiated terms with client and finalize. Draft and revise license (or option) agreement based on final terms and negotiated clauses. Review license agreement, final terms and compliance obligations with client.