MUSC Foundation for Research Development (FRD) believes MUSC is at the cutting edge of research and development, which often translates into entrepreneurial endeavors across broad biomedical industry spectrums.
It is important that such activities have a positive impact on both MUSC and the community and that FRD offers the proper support to MUSC’s research community to sustain a university-wide entrepreneurial culture, while promoting an ethical framework for its success. Please see the MUSC faculty Handbook that includes the Start-up Faculty Policy (page 85), Faculty Handbook (PDF).
To support MUSC’s entrepreneurial activities, FRD provides a variety of services to assess new venture viability including:
- Educating faculty, staff and students in technology commercialization.
- Mentoring prospective and early entrepreneurs.
- Conducting initial interview with the inventor to evaluate and gain clarity on the basics of the technology / invention at the ideation phase.
Faculty Start-Up Guidelines
Involvement of faculty with startup ventures must be reviewed by the Department Chair, College Dean for the faculty member, and the Associate Provost for Research. In addition, the MUSC Research Conflict of Interest Committee will review the conditions and articles of the venture for compliance with MUSC Conflict of Interest Policies and Practices.
Please submit the Request for Approval – Professional Activity related to faculty start-up venture form to the FRD along with a cover letter from the faculty member providing background on the startup venture including management structure, the faculty member's anticipated involvement in the faculty startup venture and the relationship of the involvement to their function as a MUSC faculty member. The form should be completed in full and sent to Chelsea Ex-Lubeskie, the Business Development Associate of FRD. For additional information, please contact FRD at 843-876-1900.
FRD will review the document with the Associate Provost for Research and forward it to the Department Chair and College Dean for review and signature and return to the FRD. FRD will then send the completed form to the MUSC Research Conflict of Interest Review Committee for review.