Our university has a long tradition of spinning-out successful companies.

  • The Innovation Office Team are on hand to work with reseachers who want to create their own business.
  • The Business Innovation Centre is home to many succesful companies, and can provide vital incubation supports at the earliest stages. 

Examples of NUI Galway spin-outs include:

When setting up a company it is important to understand a number of key areas.

  • Legal issues when starting a business
  • Structuring the Business: management and ownership Financing the business
  • Key business contacts
  • Protecting Intellectual Property
  • Regulatory approvals/permits
  • Constitutional Documents

Before establishing a new company it is important to have an understanding of the types of companies that exist and the features of a company, for instance:

  • A company is a separate legal entity
  • A company remains in existence unless it is wound up or struck off
  • Shares are owned by shareholders
  • A company owns property
  • A company can be sued and can sue

Personal assets of directors/shareholders cannot be seized to pay off company debts legitimately incurred in the ordinary course of business (unless individual has given a personal guarantee, i.e. to a bank as security).

A company can either be a private company or a public company.

So there is lots to discuss. Talk to the team today to find out more.