Venture Team Program
We Transform IP Into New Ventures
MindForce Ventures is a practice of MindForce Consulting focused on creating new businesses and raising capital. MindForce Ventures works with companies (and ideas) in their pre-seed stage or emerging growth stage.
Clients include universities, corporations with IP "on the shelf", SBIR-funded companies, or individual inventors. The common denominator -- their interest in partnering with us and recognition that they need highly-incented outside expertise to turn their IP into a
fundable venture.
Turning IP into this new venture is, however, not an easy task. We facilitate new venture creation by recruiting top-tier business professionals (from our core consultant team and also from MBA GlobalNet's 18,000 members, and other talent resources as needed) into a Venture Team specific to a client's IP.
This team, usually a diverse group of cross-functional and industry professionals, posseses the subject matter expertise and industry experiences to
assess the viability of the IP either 1) disrupting a marketplace, i.e. creating explosive sales through a Newco, or 2) being accepted by industry as an incremental improvement.
Our goal to focus on IP that has disruptive qualities where the IP can support the creation of a new venture, a Newco.
These technologies have a high upside potential, where the Venture Team can develop an actionable plan for a successful venture execution. On the other hand, the Venture Team will not shy away
from recommending against forming a new venture, and instead working with the client to find the most suitable licensee(s) for the IP. We, will also not hesitate, to turn
down the opportunity due to a small probability of success and lack of interest in assembling our team.
The Deal Structure
MindForce (and its Venture Team) is compensated for their efforts through consulting fees, equity, and/or an ongoing role in the new venture.
Mindforce will work with the client to structure the most appropriate working relationship based on the client's financial capabilities, projected MindForce role, upside potential of the IP, and the most likely economic structure to be used as a baseline for a deal.
Optimally, we seek a mixture of consulting fees and equity, although it really depends on the opportunity and the team members involved.
For a Newco spinout from the client, MindForce and our client have the option to either 1) create a holding company, which MindForce and the client would mutually own, or 2) to license the IP directly from the client
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