entrepreneurship@UBC wants to make it as easy, economical and simple as possible for you to start your new company. Once an investment decision is made things can move along very quickly – this gets you focused on building your new company rather than getting caught up in complex deal terms and negotiations.
Each deal is unique, so there is no one model for investment. However, if the Seed Accelerator chooses your business opportunity then typically the following four items are put in place:
- You incorporate a new company and execute a shareholders agreement with UBC.
- If your opportunity involves intellectual property, then you assign ownership of it to your new company.
- The Seed Accelerator may request a seat on your new company’s board of directors.
- The Seed Accelerator may introduce you to appropriate mentor – someone with business expertise to complement yours or someone with expertise in the market your business opportunity targets.
