Start Up Guide
Tips for Northwestern Entrepreneurs
An important step in starting a company is to clarify the role that the academic entrepreneur will be able to play and the steps to move the inventions to the company. These issues can vary widely depending on the nature of your startup and your own background, desires and interests. However, there are a few things to keep in mind as you consider starting this new venture.
AT A GLANCE: What should be the top priorities for faculty startups? And what are the steps to achieve those goals?
Former Northwestern EIR, Mike Janse, recommends two essential goals for all startups as well as practical steps to reach those goals. Since creating biomedical startups require attention to sector-specific details, entrepreneurs Andrew Mazar and Maryam Saleh also offer relevant comments that are specific to their areas of expertise, therapeutics and medical device sectors, respectively.
Recommendations for Faculty Startups
TIPS FOR ALL FACULTY
- Networking and Finding the Right Mentors
- Working with Northwestern
- When is it time to start a company?
- Steps Towards a Startup
- Building the Startup
- Defining the Market
- Identifying the Right CEO
- Fundraising
- The Role(s) of the Founders in the Startup Company
- Identifying the Right CEO
- Disclosing Information
- Option or License for the Startup
- What to Expect with the Startup License
- Leading Sources of Frustration for the Academic Entrepreneur
- Basics on Startups
- Tips for Northwestern Entrepreneurs
- Networking and Finding the Right Mentors
- Working with Northwestern
- When is it time to start a company?
- Steps Towards a Startup
- Building the Startup
- Defining the Market
- Identifying the Right CEO
- Fundraising
- The Role(s) of the Founders in the Startup Company
- Identifying the Right CEO
- Disclosing Information
- Option or License for the Startup
- What to Expect with the Startup License
- Leading Sources of Frustration for the Academic Entrepreneur
- Northwestern Entrepreneurial Resources



