Tag: TenU

Diversity is not just about making sure more women and underrepresented minorities are on founding teams. When they do create businesses, they are typically ignored by venture capital investors who look for the same type of founders that have previously made money (creating a vicious circle). In the US, female founders raised just 2% of the VC money in 2023, and in Europe it was even less at 1.8%, according to PitchBook.

A PhD student who sets up a spinout and becomes its CEO is 21% better at returning an investor’s money than a serial founder would be if installed in the same spinout. Even more impressively, a PhD student turned chief executive is 46% better at making a venture capital fund money than a former CEO from a large company would be.

Today, we’re bringing you a recording of a recent discussion organised by our friends at TenU, the international collaboration between ten tech transfer offices in Belgium, the US and the UK. The panel, led by KU Leuven’s Paul Van Dun (listen to our interview with him in episode 31), tackled the question: how do you build critical mass to create innovation ecosystems? Offering their expertise were University of Michigan’s Kelly Sexton (hear more from her in episode 13), Ouest Valorisation’s Vincent Lamande, Innovate UK’s Geeta Nathan and Northern Gritstone’s Marion Bernard (and you can learn more about that firm in our interview with her colleague Duncan Johnson).

Earlier this year, TenU — an international collaboration between 10 tech transfer offices in the US and Europe developing best practices — launched the University Spinout Investment Terms (USIT) Guide. Developed together with law firms and VC firms throughout the UK, the USIT Guide aims to accelerate negotiations between universities and investors and solve some of the common sticking points in these discussions.