Software

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Software Plus (Copyright with Patent, Gap Funding, Revenue,  or Validated)

Startups leveraging innovations in materials science, electronics, energy systems, robotics, advanced manufacturing, or mechanical and electrical engineering. These companies translate scientific discoveries and engineering advancements into commercial products across industries such as aerospace, automotive, construction, and industrial applications.

Launch Term

Requirements

Equity
 		5% equity at the founder’s round.  Anti-dilution through series A or capital raise of $500 Thousand. 
Annual License Payments
 
  • $0: Year 1
  • $10,000: Years 2 - 4
  • $20,000: Years 5 – 6
  • $40,000 Years 7+ 
Royalty (based on cumulative revenue)
 
  • 1%: Less than $5 Million in revenue
  • 1.5%: $5 Million to $20 Million
  • 2%: Greater than $20 Million 
Annual Minimum Royalty Payments until first commercial sale
 
  • Years 2 - 5; $10,000
  • Years 5+; $25,000
Sublicense Revenue Share
 
  • 40% (Pre-Series A)
  • 20% (Post-Series A) 
Patent Expense Reimbursement
 
  • Two year deferment for past patent expenses.
  • On-going international paid as incurred.
  • US patent expenses deferred for 2 years. 
Diligence Milestone
  • Raise at least $500 Thousand in capital funding in 3 years.
  • First commercial sale of licensed product in 5 years.

Software Simple (Copyright Only) Launch Terms

Launch Term

Requirements

Equity
 		1% equity at founders’ round or 5% equity if technology received translational grant funding
Annual License Payments (pre-first sale of Licensed Product)
  • Years 2 - 4; $5,000
  • Years 4 - 10; $10,000 
Annual Post 1st Sale License Payments (based on cumulative revenue)
 
  • $0 – 1M: $10,000
  • $1M-5M: $25,000
  • $5M-10M: $50,000
Sublicense Revenue Share
 
  • 40% (Pre-Series A)
  • 20% (Post-Series A) 
Diligence MilestoneFirst commercial sale of licensed product in 5 years.
TermExclusive - 10  years; Non-exclusive - Perpetual

Access startup tools, grants, incubators, and mentorship through the Venture Center, Discovery Launchpad, and programs like MIN-Corps, Discovery Capital, and I-Corps.