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Startup guide 2 C CTABLE OF CONTENTS Overview Startup Launch The MIT Entrepreneurial Ecosystem Technology Licensing Of ?ce Deshpande Center for Technological Innovation Venture Mentoring Service Entrepreneurship Center K Entrepreneurship Competition Enter

C CTABLE OF CONTENTS Overview Startup Launch The MIT Entrepreneurial Ecosystem Technology Licensing Of ?ce Deshpande Center for Technological Innovation Venture Mentoring Service Entrepreneurship Center K Entrepreneurship Competition Enterprise Forum Student Clubs Lemelson-MIT Program Technology Showcases Events Getting Started With the TLO Startup Licensing MIT Intellectual Property Policy Con icts of Interest or Commitment Faculty Resources for the Entrepreneur The MIT Inventor ? s Guide to Startups is intended as a quick reference tool for MIT faculty students and sta ? inventors interested in starting a company based on their inventions Where can you go for help This guide summarizes the many resources available to MIT inventors and the institutional policies that are most relevant to startups We also answer questions that MIT entrepreneurs frequently ask our Technology Licensing Of ?cers For more information visit web mit edu tlo www or call the MIT Technology Licensing Of ?ce at - - Of ?cial MIT policies are contained in MIT ? s Policies and Procedures available at http web mit edu policies and in the ??Guide to the Ownership Distribution and Commercial Development of MIT Technology ? accessible via the TLO website The contents of this brochure are not intended to replace or supercede these policies COVERVIEW A startup is a new business venture in its earliest stage of development This guide to startups is focused speci ?cally on technology-based companies formed to commercialize one or more related inventions made at MIT and protected via intellectual property rights i e patent or copyright owned by MIT MIT entrepreneurs have started about twenty companies a year over the last ten years based on licenses to MIT technology While not every startup succeeds the track record has been impressive and includes companies like A Akamai Alnylam Brontes E Ink Ember Luminus Devices Momenta Pharmaceuticals OmniGuide QD Vision Xtalic and Z Corporation If you ? re contemplating your own startup you probably already know that entrepreneurship knowledge is a rich lode that runs throughout the Institute Tapping it is a matter of knowing where to look Within the MIT community you can ?nd many of the answers to your questions about how to launch a business based on MIT intellectual property and connections to the many people who can help you do so ? Companies NUMBER OF COMPANIES STARTED Fiscal Year PAGE C ??Ideas and innovations ow steadily from MIT into the marketplace With the startup companies they launch and nurture our faculty students and alumni transform great innovations into a vital force for economic growth Through the drive and ingenuity of MIT entrepreneurs ??and the ecosystem the Institute o ?ers to help them thrive ??startups constitute a powerful way that MIT serves the region the nation and the world ? SUSAN HOCKFIELD PRESIDENT MASSACHUSETTS INSTITUTE OF TECHNOLOGY PAGE CSTARTUP LAUNCH While every MIT startup follows its own unique path the major steps to get the business o ? the ground are summarized on the facing page How long does it take The time