In my last posting, I talked about a method aspiring entrepreneurs could use to find a compelling business idea. In that posting I talked about how to use the Lead User concept. Another technique is to the IP Spinout Model.
The IP Spinout Model involves finding an interesting invention developed at a university, or other research institution, and licensing the IP and its assets to form a business.
I came across a very helpful case study of the IP Spinout Model, that I'd recommend to entrepreneurs, particularly MBA students.
The IP Spinout Model: http://www.netpreneur.org/events/doughnets/020626/IP%20Spinouts%20HBS%20Report.pdf
If the document gets removed from NetPreneur.org, you can find it again at HBS Press. The authors are Houghton, Lalande, Miller, and Redmond.
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