ARTICLE | Finance

Getting start-ups started faster

Start-up license template could reduce university-VC negotiation time 80%

November 21, 2022 9:36 PM UTC

A consortium of academic institutions, VCs and law firms are aiming to slash the time and cost of licensing IP for life sciences start-ups by 80%, through the publication of a model term sheet. 

The consortium came together nearly three years ago based on shared frustration at the time it takes to reach agreement on a license term sheet between a technology transfer office and investors building a company around the academic IP...