Learn how the process works, from disclosure to product!
Thinking about starting a company? Here are some questions, and resources, to consider:
|Please note: the website links provided in this section are for guidance purposes only. The University of Guelph does not warrant or represent that the content of these websites is accurate, useful and applicable to Canadian companies.
Generally, the idea must be disruptive, or consist of a "platform technology" that generates multiple opportunities. If the idea is incremental or simply adds to already existing technologies available on the market, licensing or selling the idea is a worthwhile option.
If the idea stems from research that has been privately or publicly funded under a contract, it is important to make sure that there are no obligations related to the outcomes of the research; for example, an obligation to disclose a commercial opportunity related to discoveries or inventions under a research contract or an inter-institutional agreement, or an obligation to assign ownership of the results of the research to the funding body or host institution.
See the following websites:
Canada Business — Government Services for Entrepreneurs (general information for startups)
Small Business Agency of Ontario (Ontario Ministry of Economic Development & Trade)
The Start-up Donut — Resources for Your Business (tips on market research)
*Please note that some of the links may be to foreign sites. Be diligent in ensuring that the information is applicable to Canadian-based companies.
Talk to your Department Chair about any potential for conflict of interest. You may be required to obtain authorization to start up a company.
See the University of Guelph Conflict of Interest Policy.
IP protection is ensured by patents, trademarks and copyrights. IP protection is national in scope. This implies that each right (patent, trademark or copyright) must be protected in the country where you intend to make, use or sell the product or service offered by your company.
A well thought-out business plan is the foundation of a successful enterprise. Organizations that can help you with business planning include:
Having good IP protection is only part of the value of any company. The other part depends on management, financial health and the ability to get a product to market.
For local business expertise and advice, contact:
Funding sources include venture capital, angel investors, private foundations or publicly funded programs.
Grants and tax exemptions for research and development (Ontario Ministry of Research and Innovation)