Tech Transfer eNews Blog
University-Industry Engagement Advisor

Portal helps link faculty, students with start-up co-founders


By David Schwartz
Published: August 13th, 2014

Finding experienced leadership for a university start-up is one of the toughest challenges in launching sustainable, successful companies — and where there’s a need in this day and age, there’s often a solution online.

Case in point: the CoFoundersLab website (https://www.cofounderslab.com). When you land on the site, you see a steady scroll of partnerships that have been formed between inventors and co-founders with the help of this portal; it offers their names, the new company, and where it is located. You are also greeted with a slew of potential co-founders specifically for you — individuals who live near you, selected using the site’s “geo-tag” capability.

According to CoFoundersLab Vice President of Community Development Michael Hughes, the portal has created “hundreds of successful matches all over the U.S.” and expanded to international markets last fall.

The site enables opportunities in a number of different ways. Basic use is free of charge, says Hughes.

“You come to the site, you are automatically geotagged for your location and see people in your area. In addition, we just added a feature to school portals — it auto defaults to people associated with the University of Michigan, for example, or any university,” he explains. “You don’t need to have a profile to search,” he adds. “But you can dig in deeper with each profile and figure out how you match up.”

As the site explains, the basic plan limits you to 5 searches a month. However, you are encouraged to “Go-Pro,” which offers unlimited usage for $19.99 a month for three months; $16.99 monthly for six months; and $9.99 monthly for 12 months. In addition, says Hughes, as a “Pro” member “you get listed first in the search results. We have a built-in algorithm that plugs into the recommendation engine; we send recommend candidates directly to the inboxes of ‘Pro’ members and suggest they check them out.” A detailed article on the system appears in the  July issue of Technology Transfer Tactics. To subscribe and access the full article, plus hundreds more success strategies and case studies in our 8-year archive for subscribers, CLICK HERE.  

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