Verification for growth (VFT) UU Innovation 2022

Purpose and goal:

The goal is to reduce commercial risk in individual innovation projects as early as possible, and to as large extent as possible, through verification activities, so that customer value, potential and originality are ensured. Expected results and effects:

We expect an increased outflow of attractive innovation projects, which are projects that have received other external financing, investment, outlicensing, own sale of product/service or other implementation of the innovative solution outside the academy. Additionally, we expect an increased influx of ideas due to the increased attractiveness in the support and the different types of harvesting activities UU Innovation pursue.

Approach and implementation:

UU Innovation works purposefully towards an increased, broadened and equal inflow. Business and IP advisors and search specialist work in teams with complimentary competences to provide support to idea carriers from across the university. Verification is done in three phases - identify, evaluate and develop - where VFT funds are used in the latter two and have a completely decisive role to engage experts with subject-specific competence.

The project´s potential is thus verified in a structured way and acquisition of any external capital can be made when the risks have been minimized.