Identify what information, expertise, and skills set is required to start company development.

Determine if your technology is at the appropriate stage of development and if this is the appropriate time to proceed with start-up company development.

Be familiar with the start-up development process and steps.

Understand the need for business planning and the associated documents that you will need to prepare.

Understand the risks and benefits involved in developing your spin-off company with assistance from your Technology Transfer Centre, in comparison to proceeding independently.

Review the agreement and/or terms of employment between the inventor and the university.

Be prepared to negotiate the relationship with the university.

Be familiar with the tools and resources available at the university or in the community to proceed with spin-off company creation.