In order to build products and services around an invention or technology the new company must own the legal right to sell products based on that invention. The legal rights surrounding inventions are referred to as Intellectual Property Rights and typically consist of one of more parts including Patents, Know-how (non-public knowledge) and Copyright (written or recorded works including code).
If you (or one of the inventors) is employed by the university or funded by a company or a grant body it is likely (due to UK employment law) that one of those bodies owns the IP. The College’s Research Office has a process to determine ownership of IP and we will help you through the process, particularly where there are complicating factors. If your IP is owned by you as individuals we will work with you to ensure the correct line of title in to the company.