Every Northeastern spinout aims to commercialize technologies developed within a Northeastern lab. Spinout founders are required to secure a license to commercialize these technologies. Founders can either execute an option agreement, granting them the exclusive right to secure a license, or can jump ahead to the IP license agreement negotiation stage.
The Center for Research Innovation’s (CRI) Express License helps to eliminate costly, time-intensive negotiations, empowering entrepreneurs to focus valuable resources on what matters: building thriving ventures. This Express License is standardized and encompasses spinout friendly terms. By streamlining the contract process through the elimination of time-consuming negotiations, entrepreneurs are able to quickly secure a license and move ahead with their venture.