Ever wanted to explore the R&D department of a corporation? Now's your chance with the Delaware Intellectual Property Business Creation Program. To stimulate economic development and innovation, the Delaware Economic Development Office, or DEDO, has guaranteed 255 donated patents--250 from DuPont Co. and five from Hercules Chemical Co. "There may be a patent with [the program] that [will] help an existing small business develop a new product or innovate a product," says Judy McKinney-Cherry, director of DEDO, who notes that startups are also eligible, with the caveat that resulting companies--with some exceptions--be based in Delaware. "Our goal is to grow our businesses."
Entrepreneurs will even be able to speak with the patent developers and scientists at DuPont and Hercules and find out specifics of the background research of each patent. DEDO also built a Virtual Emerging Technology Center, designed to help these entrepreneurs grow their businesses with help from mentors, advisors, financial professionals, patent attorneys and accounting services.
We created the Start Your Own Business (SYOB) course to help you get started on your entrepreneurial journey. You will learn everything you need to know about testing the viability of your idea, writing a business plan, raising funds, and opening for business.