Superior execution

Techtran’s key differentiator is superior execution. A successful technology transfer organisation needs to demonstrate:

By creating a team that is a blend of scientists, financiers and consultants, Techtran is able to effectively address commercialisation issues, whilst also ensure that the academic understands and is comfortable with the process. More importantly Techtran is able to control and manage each step with the speed and courtesy of a professional organisation. In addition Techtran's unique relationship with Leeds University provides a strong bond between the academic community and the commercialisation activities.

Spin out companies can be cash intensive and require one or more funding rounds in addition to the initial cash injection from Techtran. Although there are many corporate finance providers in the market place, few are prepared to help young companies access funding because this type of work generates relatively low margins, requires technical understanding, and is difficult to execute. Techtran, and its parent IP Group Plc, have significant corporate finance experience and a successful track record of working with high growth, VC backed technology companies to develop their businesses and of raising venture capital for these companies. In addition to corporate finance advice, Techtran offers advice and support on negotiating licensing deals.

Access to investment

These investments usually occur in two stages (i) 'Grub' funding up to £50,000 in order to develop very early stage business ideas followed by (ii) Seedcorn funding (typically around £250,000 - £500,000) to allow the spinout company to further develop their technology and to establish initial routes for commercialisation. For simplicity, the Grub investment is often made in the form of a loan to the company, which is converted to equity at the time of any subsequent seedcorn funding. Beyond the Seedcorn stage, many companies go on to raise much more significant investment if required either through private investment rounds or through flotation.

Equity position

Techtran's relationship with Leeds University operates via a fair and transparent manner and both parties earn an appropriate and sustainable return. Essentially the university provides Techtran with preferential access to IP and an equity stake in the spinout companies; in return Techtran provides time, expertise and access to the initial start up costs in order to commercialise the opportunity.