Drexel Express Startup License
Pre-negotiated license agreement for startups licensing Drexel technologies
Drexel Applied Innovation has launched a new program to encourage and support the formation of startup companies based on Drexel research. The "Drexel Express Startup License" is a startup and investor friendly licensing agreement with pre-set terms. This new licensing tool will be used in cases where the startup is partnering with Drexel Applied Innovation to successfully complete designated commercialization pathways.
“A key imperative in the University’s strategic plan is to expand Drexel’s research impact. The Drexel Express Startup License program is the first of set of initiatives to re-imagine Drexel tech transfer and remove barriers for Drexel innovators, systemize commercialization pathways and catalyze commercialization of Drexel’s unique and internationally recognized research strengths. This is a very important step in our streamlining efforts, and we look forward to unveiling other new approaches to support Drexel's innovators”, says Dr. Aleister Saunders, Executive Vice Provost for Research & Innovation at Drexel University.