Management and Governance of S&T-Driven Organizations

Establishment of Commercialization Arm/SPV

If you are a SME/start-up : A few technology / new product propositions do not find place in the parent organization’s framework. As a solution, separate SPVs, inter alia, offer following advantages :

Better investment and grant-in-aid friendly organizational framework (for example, a >3-5-year-old company is not eligible for many Government grant- in-aid programs or multilateral schemes)

Faster decision-making (which is distinct from the parent organization)

Separate accounting practices (as required by investors and funding agencies) and

Smoother exits (that do not affect the parent company).

Adjukines helps organizations take such decisions and execute them by rendering custom-made and end-to-end service.

If you are an R&D/Academic Institute/Hospital:
R&D and academic institutes have specific mandates to fulfill. Their institutional systems and practices are typically not conducive to undertake tech scale-up and commercialization activities within their existing institutional framework. Issues of this nature range from institute’s mandate (i.e. parent organization’s objects/constitution), lack of human, financial, and infrastructural resources, to legal and taxation complexities etc.

Adjukines provides end-to-end services in championing the cause of establishing commercialization vehicles in the form of Section-8 companies, as other forms of legal entities, such as, Societies and Trusts are rapidly becoming obsolete. Adjukines brings-in rich experience of helping institutions incorporate, operationalize, manage, and grow such SPVs.

Company Incorporation

Adjukines works with co-founders/host organizations and assists them incorporate legal entities (be they companies under Companies Act 2013 or LLPs) by bringing-in inter-disciplinary expertise in the fields of science, law and management, and their configuration in a way that helps in attaining stated Objects. Adjukines’s services include pre-incorporation conceptualization, peri-incorporation processes, and post- incorporation structuring.

If you’re a first-generation aspiring entrepreneur, or a seasoned entrepreneur, and would like to incorporate a company to develop and commercialize your product/service, Adjukines provides end-to-end services to conceptualize, incorporate, and operationalize your company in a way that it achieves underlined objectives of your plans.

If you’re a scientist/employee working in an institute/company, and would like to start your entrepreneurial journey based on the IP/tech developed by your employer/institute, Adjukines range of services encompass :

Company incorporation in the light of your employment arrangement with your employer/institute

Structure arrangement between your company and employer/institute with respect to rights on the IP, know-how, technology, data that is owned by your employer/institute

Shareholder agreement between co-founders etc.

Company compliances, and all post incorporation activities

All other arrangements necessary for the company to have.

Company Management

Tech commercialization companies, whether Pvt. Ltd., LLP or Sections-8, have three major aspects to fix, viz. Funds, Functions and Functionaries. Adjukines helps companies get started and structure its operations vis-à-vis its Objects, and en route, helps them conceptualize and manage business operations, team building, fund raising (seed fund, grants-in-aid, early revenues, equity investments, donations etc), statutory compliances, and relationship arrangement with collaborators/partners, investors, licensors, employees, vendors etc.

Adjukines’s role not only includes advisory services, but it also extends to ‘execution role’ that is custom-made for the company in different domains like business development, fund raising, legal and compliance, IP management, strategic and general management. Depending on the need, team Adjukines offers either advises for the leadership to act on or by playing executive role to implement Board’s/Management’s directions, or both.

Also, to help companies reduce capex and/or opex, team Adjukines offers its services as temporary/short-term/mission-mode/acting/gig CEO, CTO, Head/Consultant-Business Development, Head/Consultant-Legal, Head/Consultant-IP, Head/Consultant-Partnerships & Collaborations, Head/Consultant-Investment & New Venture Creation etc.

Custom Services for Organization Management

Adjukines offers its services on project-basis to cater to a specific requirement of an organization. These requirements flow in diverse areas of organizations’ affairs. Below are some of the examples, wherein Adjukines extended its services to its clients

Amendments of the chartered documents of the organizations (MOA/AOA of Companies, Bye Laws/Constitution of Societies etc) triggered by the need of modernizing the chartered documents of old organizations, or a change in the organizations’ philosophy, business model, shareholding, or any other re- arrangements caused by internal or external factors.

Constitution/Restructuring of Board, and different committees, such as, Scientific Advisory, Program Evaluation, Licensing, IP, business case evaluation etc.

Techno-legal-commercial assessment of (proposed) spin-off SPVs, and advisory thereof.

Review/ Assessment of existing legal instruments in place, and advisory thereof.

Any other requirements with respect to your organization’s / company’s management, governance, operations.

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