In the first phase of the programme participants determine the best route to market for the technology in question. The activities conducted in this phase result in a validated business case and an overview of the advantages and disadvantages of the various routes to market.
The objective of the second phase is to prepare the actual establishment of the spin-off. Phase 2 is only initiated if the outcome of phase 1 shows that a spin-off is the best route to market. At the end of phase 2, the spin-off company is incorporated.
After creating the spin-off, the company needs funding to grow. Typically, this involves seeking external financing like venture capital, loans, or grants. TNO offers an Investor Readiness Programme for founders.