Start-up

What is it start-up?

Among the various definitions, one can choose one that defines a start-up company as an entrepreneurial entity, typically described as a newly established or start-up company that is developing rapidly based on an innovative business concept using advanced technologies and has a high potential for economic growth.

Start-up BUT

What is it Start-up BUT?

The term Start-up BUT means a legal entity registered in the Commercial Register with an innovative business idea with the potential for rapid growth,

• that develops the skills and knowledge of BUT employees and students,
• which is entitled to use the designation Start-up BUT on the basis of a written agreement with the BUT,
• and whose founders are employees or students of the BUT,
• and in which the BUT does not normally have an ownership interest.

BUT start-ups are founded by BUT employees or students who develop knowledge or skills acquired at BUT in their next business.

How to set up a BUT Start-up?

The procedure for establishing a BUT Start-up is governed by internal regulations and standards. In the case of an equity contribution by a school, in addition to approval at several levels, an application is submitted to the Board of Trustees of the BUT for approval. The Knowledge Transfer Department assists in the whole process. However, the initiative and motivation of the founders is most important in the establishment and successful functioning of a BUT start-up.