NICTA has achieved early success in commercialisation, with three spin-out companies already formed. These companies have their own corporate structure, funding model and, in some cases, revenue stream.
NICTA provided substantial foundation support to help these companies succeed.
Refer to the case studies on these spin-out companies which describe how NICTA has provided support on their path to market. (Click on the logos)
NICTA encourages its researchers to take their results to market. To provide a substantial incentive for commercialisation, NICTA’s policy towards transferring IP to spin-out companies is one that sees it retain a minority shareholding.
NICTA provides support to potential spin-out companies through a dedicated Business Development Executive. Two of NICTA’s spin-out companies appointed the Entrepreneur in Residence engaged by NICTA to guide them through the process as their CEOs.