NautaDutilh Belgium surveyed TTOs of all major Belgian universities (KUL, UA, UCL, UG, UHasselt, ULB, ULg, UMons, UNamur and VUB) as well as Qbic and VIB to determine their expectations. The results were presented today.
The results of the survey show that we can still expect the number of spin-offs to grow. The Belgian universities confirm that there are around 100 pipeline projects which could lead to the creation of spin-offs in the next five years. Over the next 12 months, approximately 30 spin-offs should be created.
Spin-offs in the ICT sector are the most popular: 8 out of 10 TTOs expect to launch an ICT startup in the next 12 months. ICT projects are indeed the easiest to spin off, and ICT researchers tend to be highly interested in creating spin-offs. The next most popular sectors for the creation of spin-offs are the biotech, diagnostics and medical devices sectors, which is surprising since there is a greater need for funding for this type of spin-off. According to Flemish respondents, it is mainly VIB that boosts spin-offs in these sectors.
The respondents were in agreement on the factors that determine the success of a spin-off. Market potential, quality management and access to investments are the keys to success. The preferred types of investments are university seed funds (80%), venture capital (60%) and strategic investors (50%). Business angels and private equity were mentioned less frequently.
Click here to read the full report.
About NautaDutilh's Belgium Start-ups and Spin-offs team
NautaDutilh Belgium's dedicated Start-ups and Spin-offs team provides the full range of (advisory, transactional and litigation) services tailored to meet these companies' needs. This team is made up of associates and partners with expertise in all economic fields of the law (M&A and financing, tax, IP, regulatory, competition, procurement law, employment, privacy, and so on). NautaDutilh offers global services which are structured around product and company life cycles (from financing, commercial agreements and mergers and acquisitions, to litigation).