Starting a Company

Spinner Technologies can guide you through the process of getting your company started. As a member and agent of each member start-up company, Spinner Technologies will have the ability to provide many business services to the faculty entrepreneur:

First, you should select a name for your company. Spinner Technologies will then do the trademark search and registration for the name.

Next, you must choose the best corporate structure for your needs. Spinner Technologies can prepare and submit the myriad of documents required to organize or incorporate your business, or we can help you find suitable legal counsel to form the company.

Most likely, the next step is to find a suitable business partner who has experience with start-up companies; in particular, generating and presenting an effective business plan and raising funds. Spinner Technologies can introduce you to a variety of potential team members through our growing referral list.

All businesses require capital. State and federal funds are often a source of capital for emerging technology companies. In addition, there are many sources of private funding. Spinner Technologies has familiarity with and access to such sources of funding. In addition, Spinner Technologies can draw upon substantial experience with a venture capitalists to help you prepare a presentation for a venture capital firm. 

Funding can also be obtained through the licensing of your technologies or contracting of your company's services. Strategic corporate partnerships are a valuable resource. Spinner Technologies can help you form these strategic partnerships through our relationship with the UVA Patent Foundation.

Eventually, you may need to form a board of directors and a scientific advisory board. Spinner Technologies can offer advice on when and how to form these boards.