How to transform research results into a business
Per Stenström and Andrzej Brud, Chalmers
Abstract
Research results can often contain a commercial potential. This applies of course to Information Technology. The most brilliant example is Google. However it's not that obvious in the first place to see what is creating the opportunity and secondly to understand how to transform the result into the business case. Transforming of the research results into business is a quite different process compared to the research process.
In this course you will learn a method of how to transform research results into customer values, protecting the valuable results, what is expected from you as the researcher when you want to create the business. You will get the basic understanding of the transforming processes and receive practical lessons.
The course consists of four parts as follows:
- Business Idea Identification (BII) - to identify what might have the potential to commercialize.
BII - Business Idea Identification is the firs part- you will learn how to transform research results into commercial value. Researchers and users/customers often have different views on the results and see different values. You will learn a method for identifying and calculating users/customers values. - Protection Strategies - to understand how to protect your invention or idea.
The second part is about the Intellectual Property Rights (Patenting and Protection Strategies). How can you protect an invention or idea and what are the different protection strategies, the costs and timeline for a patenting process. Publish, patent or keep your research results as a trade secret? - Researchers Role - describes what is expected from the researcher when creating a business or participating in the business.
What about your future role in the company? Will you need to quit the research or can you combine a start-up with your research? Where can you get support and where do you find the financial investors for starting your business? - Business cases
Three business cases will be presented.
Bio
Per Stenström is a professor of computer engineering at Chalmers University of Technology. His research interests are devoted to design principles for high-performance computer systems and he has made multiple contributions to especially high-performance memory systems. He has authored or co-authored two textbooks and more than a hundred publications in international journals and conferences. He is regularly serving program committees of major conferences in the computer architecture field and is editor for IEEE Transactions on Parallel and Distributed Processing Systems, the Journal of Parallel and Distributed Computing, the IEEE Computer Architecture Letters, and the founding Editor-in-Chief of Transactions on High-Performance Embedded Architectures and Compilers. He has extensive experience of high-tech startups. He was on the board of directors for Virtutech Inc. and is the founder of Nema Labs where he currently serves as the company�s Chief Technology Officer. He is a Fellow of the ACM and the IEEE and a member of the Royal Swedish Academy of Engineering Sciences.
Andrzej Brud - Business Coach and Investment Manager, Chalmers Innovation. Andrzej has 25 years of experience from business development and financing of different company phases. The last 10 years he has been working with seed financing of knowledge based companies. Andrzej has been involved in start-up and structuring of more than 50 companies and has been following many of them from the idea to the exit.
Chalmers Innovation Business Incubator offers services in order to shorten time to market for start-up technology based companies. Since the start of operations in 1999, Chalmers Innovation has been involved in more then 90 technology based companies. Since 2008 is Chalmers Innovation Seed Fund with committed capital of 170 MSEK affiliated to Chalmers Innovation.