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New UCGo! Startup License streamlines process for startups based on UChicago technologies
The University of Chicago may soon be turning out more startup companies thanks to a new program at the University that aims to lower the barriers to entrepreneurship, decreasing the time and cost for faculty and other researchers to start companies based on UChicago technologies. This new program streamlines and simplifies the licensing process for University startup companies.
Entrepreneurs at the Chicago Innovation Exchange (CIE) will now be able to turn to the Innovation Clinic at the University of Chicago Law School for legal guidance, thanks to a partnership between the CIE, the Law School, and law firm Perkins Coie. The organizations announced today that they have teamed up to create the new legal clinic, which will offer start-ups legal advice and helpful resources, and provide a workshop series for local entrepreneurs.
Anansi is one of six teams to join the CIE incubator this month, but they aren’t the only ones to return. RDMChem, which was part of the CIE business incubator from October 2014 – March 2015, is also returning. They recently secured additional STTR grant funding to continue building their business as a result of ongoing support from the CIE.
The entrepreneurs on the teams are doing everything from streamlining food product purchases, connecting corporations to minority customers, and creating linguistic research resources, to developing computational software for chemists, and helping roommates and friends easily split payments.
After two decades of building companies, John Flavin was looking to build a community. So in 2013 he jumped at the chance to head the Chicago Innovation Exchange, a 26,000-square-footstartup factory in Hyde Park backed by the University of Chicago.