Creating a COPELABS spin-off

Creating a COPELABS spin-off

Step 1: Informal contact with the Direction Board and Collaboration Agreement

On a first contact meeting, you present your innovative idea and describe, based on the available template (ppt) the product intention and market target. Notice that all work you develop in COPELABS is provided under Non-Disclosure Agreement.

Provided that the Direction accepts the request to spin-off, a collaboration agreement is signed by both parties. This agreement defines the future relationship between COPELABS, COFAC c.r.l. and the spin-off. It also clearly defines rules concerning the rights retained by COPELABS for academic/scientific purpose; how the cooperation is organized; which intellectual property is background and foreground. The intellectual property that is transferred to the spin-off company can still be further used by the research group for educational and basic research purposes.


Step 2: Develop the Technical Proposal

COPELABS provides you with a template for a viable technological proposal, having in mind that innovation is key. The development of the technological proposal is an iteractive process, where regular meetings will be scheduled between you and one or several coachers in COPELABS, to assist you in drafting all technical aspects.


Step 3: Develop the Business Plan/Funding Sources

Setting up the business plan is an interactive process where you will have support  by the COPELABS team as well by experts in University Lusofona.

Once a clear business focus emerges, COPELABS shall assist you towards the tools to develop a financial plan as well as to the entrepreneurship project in University Lusófona where investors and venture capital or business angels can be reached. Crowd-funding support is also available.

Once there is a source for adequate seed funding, the spin-off creation is triggered, based on the template agreement model provided by COPELABS.


Step 4: Take care of the Legal aspects

Once both parties agree in going ahead, COPELABS provides you with a template for an agreement model to spin-off, where the benefits and responsibilities of both parties - you and COPELABS - are clearly described, including royalty model to be applied.


Step 5: Setting the spin-off

COPELABS takes care of assisting you in registering the spin-off, by preparing together with you the following documents: if required, branding; bylaws, with at least:

  • the final shareholder structure and the associated rights attributed to the different classes of shares;
  • regulations with respect to the transfer of shares;
  • Bodies

COPELABS spin-offs have a management team - board of directors - that comprises at least 1 element from the Direction; 1 representative from COFAC (COPELABS founder); investors. The board of directors plays an active role both concerning the overall business strategy as well as in the technological main aspects, for the sake of innovation.





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