A managed end-to-end commercialisation process from Lab to IPO.
Academic research projectsmay not have an obvious commercially viable outcome and in some cases, R&D may not be visible to university innovation teams. SME’s on the other hand, may also be involved in R&D but be unaware of the potential benefits of academic involvement.
The STEaM PIPE process is designed to identify Science, Technology, Engineering and Math based projects in both undergraduate and postgraduate domains. This requires a hands on review of projects and the development of a STEaM PIPE ‘pathway’ within the university to drive awareness of the commercial process to support R&D and IP commercialisation.
The STEaM PIPE process and the wider PIPE Exchange and PIPE Fund are promoted locally and nationally to SME’s and corporates to drive collaboration, helping business understand the opportunities and value of engaging with university R&D.
This process is proactive and each university/region has a dedicated account manager who’s role is to promote collaboration locally and regionally as well as nationally and in some cases internationally. Account managers share innovation projects and consider if connected projects across borders will form more viable propositions and joint ventures for grater, longer term benefit.
Commercialisation of R&D/IP is the goal of the PIPE process with the ongoing financial support from seed to IPO funding managed via the PIPE Exchange. Funding will be provided for projects that meet the criteria and KPI’s from €150,000 through to €2m and beyond.