The College of William and Mary supports start-up ventures, i.e., companies formed around one or more core technologies developed at William & Mary. TTO, in particular, is committed to entrepreneurial efforts as part of its mission to bring William and Mary technology into the public domain.
Start-ups are often the most appropriate vehicle to develop a platform invention, and they have the potential to produce significant economic gain for inventors, the College, and the region. Start-ups are also a frequent fall-back option when there is little outside interest in a technology, but the inventor is a fervent believer in the commercial potential of the invention and does not want to give up on the invention.
It should be recognized that start-ups involve more work for everyone involved, and are riskier than a traditional license to an existing company. Furthermore, they are more likely to produce conflicts of interest and commitment. The College recognizes that these conflicts are inevitable if inventors become deeply involved in commercialization of technology they have invented. Accordingly, conflicts of interest and commitment should not be perceived as inherently negative, but it is imperative that the conflicts are acknowledged, transparent, and managed.
TTO will support William and Mary start-ups, and interested faculty should contact TTO. There are many resources available to potential entrepreneurs, including links on this website, and entrepreneurs are encouraged to seek and gather information from many sources.