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Business Launch

Once we have successfully vetted the opportunity, created the strategic framework, developed the business plan and established funding needs and organizational structure, the final step in the New Ventures process addresses key elements associated with launching the new venture.

Formation of Management Team The evolution of a venture from concept to formation will go through several iterations. At this juncture, it becomes increasingly important to ensure that we provide support in establishing a management team that has the capacity to launch the new venture.

Objective • Identify “talent gaps”. • Leverage Vanderbilt ecosystem to attract outside experts. • Establish management structure. • Create organizational framework.

The success of a new venture is heavily dependent on many factors, including: management bandwidth, technology/IP strength, product differentiation, first to market, strategic partners, funding and investment opportunities, and timing of investment.

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Outcome • Improves efficiency in decision making process. • Allows inventor to focus on his area of expertise. • Facilitates cross-functionality and collaboration among team members. • Opens doors to strategic networks.

CTTC New Ventures Process  

An indepth look at how CTTC's New Ventures Team helps Vanderbilt entrepreneurs and inventors navigate the entrepreneurial process.

CTTC New Ventures Process  

An indepth look at how CTTC's New Ventures Team helps Vanderbilt entrepreneurs and inventors navigate the entrepreneurial process.

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