Build to Transfer
We build the company and then step out of it. You take the team, the intellectual property and a working quality system at an agreed point.
When Build to Transfer is the right model
For a founder who wants full ownership after launch. We build the company, then hand it over with its team, IP and quality system.
Own the whole company
At maturity the founder takes the company over, with nothing left behind in a partner.
Take the IP with it
The intellectual property built during the programme moves into the founder's company.
Keep a working quality system
The quality system, its records and its procedures move over, so the company does not start again.
What you bring, and what you get back
You bring
- The clinical need and the device
- Your plan for the company after handover
- The founding team and the roles you will fill
- Your view on when the company is mature enough
- Advisors for the legal side of the handover
You get back
- A company built with its own team
- The IP, assigned to the company
- A quality system with its procedures and records
- The design history file for the device
- A handover plan, agreed at the start
- The company, transferred at maturity
Who runs what, after launch
Build to Transfer ends with the whole company in your hands. The hard part is not the share transfer. It is moving the team, the IP and the quality system so the company can run the day after. Licences and certificates are issued to a named company and site, so plan how each one moves.
How Build to Transfer works
Questions founders ask
What exactly transfers?
The company with its team, its IP and its quality system. The list is agreed at the start, so nothing is argued about at the end.
When is the company mature enough?
That is agreed at the start as a set of milestones, for example an approval or a first commercial batch, rather than a fixed date.
What happens to licences and certificates?
They are issued to a named company and site. A change of company or site has to be taken up with the licensing authority and the certification body, so plan it early.
Does the team have to move?
People move only if they agree. Talk to them early, so the people who know the product stay with it.
Built to ISO 13485 from the first day
IF MedTech runs 2 ISO 13485 certified sites. In Build to Transfer, the quality system and its records pass to the founder's company with the team and the IP.
Not quite you?
Where this sits
Also in Co-Invest
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