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How to set up an innovation start-up business
Babatunde Kujore article

1. Overview

As well as being the inventor of an idea, you will need a business plan of how to exploit it. If your idea comes from an existing organisation, eg a business or university, the new business is called a 'spin-out'.

This guide shows you how to create an innovation start-up and how to set up the business. It outlines the different types of finance that might be available and how investors make a return on their investments.


2. Protecting the assets of your new company

It is important to assess what your assets may be and how you can protect them.

Tangible assets include premises and equipment related to production or delivery. Having these assets valued will provide an accurate description of what they are worth. Intangible assets are more important to innovation start-ups. These include less measurable things, such as knowledge, motivation, vision and intellectual property (IP). Although these may be difficult to quantify, you can still protect them.

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At the forthcoming South West Regional E-Commerce Summit & Expo from  Monday 23rd - Wednesday 25th March, 2020 at NuStreams Conference & Culture Centre. There will be over 30 speakers delivering 40+ hours of content across 24+ sessions. Delegates will have an unprecedented opportunity to hear exclusive, brand-new content from speakers that will be addressing the power of market-creating innovation, understanding the job your product or service is hired to do & how innovation increases the odds of success. – Many for the very first time!

Furthermore at the summit you will learn about the latest technologies, trends and business models and interact with the ecosystem to embrace innovation.

We are pleased to offer attendance scholarships for those in need of financial assistance to attend the 2020 Innovation Kitchen.


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