- Developing a proof of concept, or proof of principle, that demonstrates that the invented method or new theory is probably useful in a particular application - for example a new product.
- Developing a fully functioning prototype of this new product; the prototype also serves to learn about how to produce, use and sell the new product.
- Attracting startup funding to finance the development of prototypes and new products; this may involve acquiring financial resources from venture capital firms, angel Investors, banks, or other providers of early-stage financial capital.
- Developing a successful business model for the spin-off; a business model depicts the rationale of how the spin-off will create, deliver and capture value.
- Acquiring the first customers. The first customer, also called an early adopter, can provide candid feedback to help the spin-off refine future product releases and also provide access to a distribution channel or other forms of support.
Historically Black Colleges and Universities are currently a pathetic joke and cats can love their dancing bands and mocha complexion student body all they want, but they still a damn joke. These HBCUs are known for sitting around hazing young Black students and cats walking around their HBCU acting like they better than each other in their joke campus environment. We currently do not recommend any child, especially your child attend a HBCU at this time. We already explained why HBCUs are a joke and covered this topic when cats wanted to get upset Dr. Dre gave $35 million endowment to USC. I wouldn’t give an HBCU $35 because I see how pathetic these institutions are and they doing nothing but taking young Black folks student loan and student grant money and claiming they are a traditional establishment. Then they crying for Obama and Tom Joyner to fund them and please stop the ALEC states to stop funding and closing down HBCUs like parental-seeking dependent institutions that are not independent. Their alumni ain’t sh*t either, proud to graduate from there and like to run off at the mouth but always happen to ain’t got the big money to contribute back to the HBCU to help grow the institution. Come on, watch the HBCU cats come to this blog and start talking up some BS like they got talking points why HBCUs ain’t garbage. Watch how they point out one or two people as an exception as everybody knows Black people love anecdotal arguments the same way b*tches love cake. BTW, an anecdotal argument is when a Black person say “I have a cousin/friend/sister who did [whatever] and they [succeeded]” and think this is a valid argument to present as fact to a discussion. Sounds like HBCU education right there using anecdotal, just saying. The Birth of the World Wide Web Here is the reason we are officially declaring all HBCUs a joke – let’s go back to the birth of the Internet in the early to mid-nineties. The Internet was all basically .edu and .mil back in the day and there was no .com back then. Yahoo was a domain under Standford .edu address. Lycos was underneath the Carnegie-Mellon University address and Mosaic was the first web browser built at University of Illinois at Champaign. Let’s verify the statements with Wikipedia: Yahoo! was started in a Stanford University campus trailer. It was founded in January 1994 by Jerry Yang and David Filo, who were Electrical Engineering graduate students when they created a website named "Jerry and David's Guide to the World Wide Web". The Guide was a directory of other websites, organized in a hierarchy, as opposed to a searchable index of pages. In April 1994, Jerry and David's Guide to the World Wide Web was renamed "Yahoo!". Lycos is a university spin-off that began as a research project by Michael Loren Mauldin of Carnegie Mellon University's main Pittsburgh campus in 1994. Mosaic was developed at the National Center for Supercomputing Applications (NCSA) at the University of Illinois Urbana-Champaign beginning in late 1992. NCSA released the browser in 1993, and officially discontinued development and support on January 7, 1997. And by the way, the first African-American online resource was started in 1994 at Georgia Tech and I remember Georgia Tech has a strong pioneer based of brothas and sistas down there back in the day, convincing me that Atlanta was where to be at and why I’m in Atlanta today. That is real talk. University Spin-Off If you noticed the Lycos description, there is a term called “university spin-off” and that term alone is the reason why HBCUs are a damn pathetic joke and I wouldn’t pay for a cat to learn how to chase mice at these institutions. When you are finish reading what a university spin-off is, you will begin to put two-and-two together and see exactly why we have zero respect for HBCUs and their phony academic leadership and even further, the lazy ass Black student body there with their black fraternity and sororities doing their step shows, quasi-religious and quasi-socialist nut cases, self-important academic staff and the majority of Black students who only went there because their mom/dad went there and now they secretly trying to transfer to the University of Texas. Let’s look at what a university spin-off is: University spin-offs transform technological inventions developed from university research that are likely to remain unexploited otherwise. As such, university/academic spin-offs are a subcategory of research spin-offs. Prominent examples of university spin-offs are Genentech, Crucell, Lycos and Plastic Logic. In most countries, universities can claim the intellectual property (IP) rights on technologies developed in their laboratories. This IP typically draws on patents or, in exceptional cases, copyrights. Therefore, the process of establishing the spin-off as a new corporation involves transferring the IP to the new corporation or giving the latter a license on this IP. University spin-offs typically go through a number of critical steps to develop the initial invention into a successful business venture. The following steps are critical in creating a successful spin-off (not necessarily in this order).