City's Research: London City Incubator
The Enterprise Office supports the Schools in commercialising intellectual property (IP) generated by City academics.
The London City Incubator (LCI) supports the commercialisation process by bringing together multidisciplinary teams of City's postgraduate students and matching their skills with real-life projects.
London City Incubator - Linking innovation, markets and investment
The LCI looks for projects in need of commercialisation and support where it can help to identify and address gaps in the business models. For projects closer to market the LCI provides access to networks, relevant mentors, physical space and in some cases help with the recruitment of key missing elements in the management or founder team.
The LCI supports the idea-to-market process for some of City's technologies, by training postgraduate students in commercialisation and matching them as LCI Associates with consultancy-driven projects such as pricing strategies, marketing segmentation and value proposition validation.
How we help to commercialise new products and services
All projects and start-ups that engage with the LCI take part of a three-stage process:
- Initial Assessment: The project is scrutinised by our Assessment Panel. The panel then provides the entrepreneur with feedback on the project's suitability for the Incubator, highlighting the technical and commercial issues the venture needs to address in order to secure investment;
- Scope of Engagement: For those projects that enter the programme, we use the feedback information to derive a clear scope of work for our Associates. A core team with the appropriate mix of skills and international presence is appointed to execute the project alongside the entrepreneur;
- Execution Phase: Once the scope of work has been defined, the newly-formed team starts executing the project. While each project is unique, and therefore has different requirements, the activities undertaken at this stage may include:
- Market research and intellectual property protection;
- Market-entry / market-expansion strategy development and business planning;
- Preparation of fundraising documentation;