Company and Leadership
What are the benefits for inventors and universities in working with VIC Foundry?
The VIC Foundry team has extensive technology commercialization experience and success. Working with our team can help steer technology development in the most impactful and commercially-promising directions. Access to SBIR and STTR funding is provided without the inventor needing to form a separate new company, which is time-consuming, distracting from the university research, while carrying significant costs and risks.
When the grant-funded development work goes as planned, a new company is formed to commercialize the technology with private equity funding ensured. VIC has a strong track record for successfully commercializing university technologies. The inventor takes a technical advisor role in the new company and can receive equity and consulting compensation.
For universities, it is an opportunity for licensing technologies that otherwise may never be licensed due to the stage of development at the university. Universities can benefit from subcontracted work back to the university, and from having a much higher chance of substantial licensing revenue compared to a typical faculty or student-led startup.
What are the benefits for investors?
For the VIC Investor network, the VIC Foundry provides an additional source of high-quality deal flow and de-risks highly promising technologies. It allows deeper insights prior to VIC making the go/no-go decision on a new start-up to commercialize the given technology.
Calvin Goforth, PhD – Chief Executive Officer
Xiaoli Su, PhD – Senior Scientist
Natalie Gassman, PhD – Fellow
Kirt Gill, MD – Fellow
Monika Magon, PhD – Fellow
Travis Nemkov, PhD – Fellow
Gregory Tucker, PhD – Fellow