University of Minnesota
Office for Technology Commercialization

Office for Technology Commercialization homeOTC

For Entrepreneurs

Startup Application and Feasibility

To initiate the startup process with the Office for Technology Commercialization, researchers and entrepreneurs should complete the Startup Application. The startup application includes entrepreneur information, a description of the startup business concept, and an initial feasibility study.

Word Doc Startup Application [Word]

Feasibility Study

Questions to answer as part of the initial feasibility study include the following:

What is the business concept you wish to pursue through a startup enterprise?

What is the technology/technologies you are seeking to license and your role (if any) in developing the technology/technologies?

What are the commercial markets in which the startup company will operate, the customers that the company’s products or services are intended to serve, and the competitors currently operating in this market?

What are the critical development milestones and targeted completion dates?

How much financial capital is necessary to achieve critical development milestones?

More Information

“OTC has been very professional to work with and has always replied to our questions and inquiries in a reasonable time.  Industry contacts and publicity have proven out since we first approached the OTC in regards to acquiring the patent rights for the HPPD technology.  These have been a major assistance for Hypersonic as we could not afford the advertising dollars that the press and promotion has brought us over these last two years.”


Dan Fox
CEO, Rushford Hypersonic

Rushford Hypersonic