Graduate students and postdoctoral researchers have the option to start their own company, in addition to staying in academia or entering industry
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A company's success is more likely when someone who contributed to the original research leaves their academic position to start the company 1 0 2The optimal scenario involves two or more individuals from the research team leaving together to establish the company as co-founders 1 0 2Full-time founders who leave their current employment for the company should receive significantly more equity than those who remain in academia 1 0 2Commercializing university-based research likely requires negotiation of intellectual property rights with the university's technology transfer office 1 0 2Collaboration with the original lab may persist after starting a company 1 0 2New work from the original lab may be licensed for use by the startup 1 0 2Continued use of university labs for experimental work can save money but might slow progress and create intellectual property issues 1 0 2Academic founders need to adapt to a different incentive structure in startups 1 0 2Starting a company can yield higher highs and lower lows than traditional employment 1 0 2The creation of founders depends on having ambitious, intelligent individuals in one location and giving them the freedom and time to experiment with and explore ideas 1 0 2