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How to Start a Start-up Company

The process involved in growing a successful start-up can seem daunting, but the Tulane OTT is available to guide you through each step along the way.

  1. Contact the Tulane OTT: If you have an idea for a new company, contact Kara McQueen-Borden or Shafin Khan to discuss your invention, protect the technology, and learn about resources available to you to help start your company.
  2. Protect your invention: At this stage, the core of your company’s success is the novel idea/technology. The Tulane OTT can guide you through the process of obtaining exclusive rights to your technology. It is important to engage with the OTT to file a patent application before publicly disclosing your invention.
     
  3. Build your network: The Tulane OTT can connect you with an abundance of resources to help grow your start-up. This includes assistance in writing a business plan or model, researching your market, connecting you to other local and national entrepreneurs, and securing funding.
     
  4. Make a business plan/model: A company description, market analysis, funding requests, and financial projections are all components of a successful business plan.  You may also choose to focus on your customer by developing a business model and conducting customer discovery interviews.
     
  5. Fundraising: If your company is capital intensive, external funding may be a prerequisite to company growth. Funding can come through personal savings, venture capital, or angel investors. Many Tulane-affiliated innovators participate in start-up (business) pitch competitions to secure funding sources for their company.

When and Why

A start-up isn’t a goal – it’s a vehicle to get to your goal. The early stages of forming a start-up include raising funds, forming a team, and collecting resources. Local resources include:

For more information, contact Kara McQueen-Borden or Shafin Khan.

Grant Opportunities

Many Tulane-affiliated start-up companies have secured funding through both local and international business pitch competitions, as well as governmental grants. A few examples include:

External Partners