The Venture Center is thrilled to be a part of the Minnesota Cup because we see it as a great opportunity for our University start-ups. The Venture Center finds, nurtures, and launches start-up companies based upon University-owned technology with large potential value outside of the University. The Venture Center also monitors and guides these start-ups until the occurrence of a 'liquidity' event, typically either an Initial Public Offering or sale of the company to a larger firm.
The Venture Center works to actively identify University intellectual property and innovations suitable for a start-up company. The Venture Center works closely with the University Technology Transfer Liaisons who have technical expertise to evaluate and assist faculty. The Venture Center will only create start-ups where there is high potential to create substantial value and are able to quickly obtain venture capital funding after spinning out. The Venture Center follows through with funded start-ups and their investors to find management, define business strategy, develop technologies and may retain a board seat.
The Venture Center collaborates with experienced early stage venture capital investors, business founders and executives in addition to those with deep technical expertise. This qualified group is able to work with national venture capitalists to identify, found, and fund start-ups. The Venture Center is based on a proven early-stage venture capital model and is unique in that it resides within one of the world's foremost research institutions.