Launch a spinout company

Launch a spinout company

Spinouts are startup companies based on University IP. They can be complicated, time consuming and not every technology or innovation is suited to starting a company. But the rewards and impact can be substantial. The decision to create a spinout business is part of the commercial evaluation assessment.

The Creators of the IP (as defined in Monash’s IP policy) may be involved at any level in the spinout from collaborating researcher to CEO, depending on their skillset, objectives, what is required by other stakeholders (such as investors), but principally: what is right for the company.

Spinouts require significant effort on behalf of the founders, to prove the technology, get traction in the market and raise the capital required to make the spinout a success.

Registering a company
Before you spend any time or money registering a company in which you will require access to Monash owned IP, you must first speak with Monash Innovation to understand the processes and clarify both the IP and ownership.

Equity Split
Getting the equity split right at the beginning of the company formation is crucial to the success of a business. The University may hold some equity in exchange for the licence to the IP. You should also seek legal guidance to help you understand the different corporate structures in Australia, negotiate your shareholders agreement and design an appropriate constitution.