Founders ‘should take vast bulk’ of software spin-out equity
A new framework for software spin-out negotiations has been launched by UK universities and investors to streamline deals.
TenU, a group of leading university technology transfer offices, launched the University Spinout Investment Terms (USIT) Guide in 2023 to identify what a positive spin-out and investment deal should look like.
Following a review by University of Oxford vice-chancellor Irene Tracey and Andrew Williamson, a managing partner of the University of Cambridge’s in-house venture capital fund, the government recommended it as a starting point for negotiating spin-out deals for life sciences.
TenU has now joined with a group of investors and professional…
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