What do I need to know about funded development projects with a corporate partner?

Strategic partners from the corporate world might also commission funded development project in which the startup develops some custom work in support of the strategic partner's areas of interest. Often this takes on the format of a consulting contract.

This can be good or bad - the good news is that this is revenue that keeps the lights on. The bad news is that consulting projects are often strategic for the partner and not the startup. It is up to the startup to be fully informed about what the engagement entails, so they can make an informed decision about whether these funded development projects make sense.

Was this article helpful?
0 out of 0 found this helpful

      This website provides general information related to legal and business matters. It is intended for educational purposes only. This website does not and is not intended to provide legal advice. Although we take great care to make sure that all of our information is accurate and useful, if you have a specific issue for which you need actionable advice, please come to the Martin Trust Center in person to speak to one of our Entrepreneurs in Residence or consult a licensed attorney or other professional. No attorney-client, advisor, or other confidential relationship exists or will be formed between you and the Martin Trust Center or the Massachusetts Institute of Technology.
Have more questions? Submit a request


Powered by Zendesk