N. Redi - Turning science into business: beyond venture capital
Channel: Icgeb
Date: 2021-06-22

Nicola Redi, Managing Partner, Venture Factory S.r.l. Milan, ITALY speaks on "Turning science into business: beyond venture capital".
Technology transfer is a complex process, where the outcome of scientific research is further developed with a market driven approach. Within this process the most complex and critical phase is proof of concept, when TRL goes from 3 to 5. Venture capital is commonly believed to be the financial tool for such a process, however it is specifically suitable for already developed startup companies and the earliest stages of development are supported by other financial means. Furthermore, financial resources alone do not guarantee a successful growth of a spin-off companies and a wider set of tools should be considered whenever engaging in entrepreneurial path out of research.