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IFIA Magazine
March 2023

IFIA EXCO Members are authorized to establish the IFIA startups de-
partment (IFST) for the IFIA member states.
IFIA’s Startups Department Was
The IFIA’s Startups Department is an IFIA initiative that aims to help
Inventors to have the possibility to both, create a Startup from his/
her invention or connect with one to create sinergy and improve the
chances to sell, license, or be a CEO or partner of a Startup and, in
this way, make the journey to take his/her invention to the market
Launched in January 2023
easier, to be successful, and make profits. No doubt this initiative will
be one of most innovative and disruptive of the IFIA’s history.

Connecting Inventors to Startups Ecosystem to create successful,
innovative and profitable Business!

IFIA’S STARTUPS DEPARTMENT RESPONSIBILITIES
• Establish contacts with Startups to invite them to participate in IFIA’s
challenges
• Organize all phases of the Open Innovation Challenges launched by
Big Tech Companies and Governments
BUSINESS MODEL
• Monetize by signing sponsorship agreements with Big Tech Companies
or Governments to organize open innovation challenges.
• Attract VC Groups and charge them to have the preference to par-
ticipate in the funding roundtables
• Attract big Tech Companies to be a sponsor of IFIA’s events in which
Startups will play an important role.

Advantages for Inventors
• Possibility to create and strengthen the relationship with Startups and
create new business models allowing the introduction of your inven-
tion in the market by selling it to Startups or creating partnerships as
join-ventures or other commercial agreement types.

Advantages for Startups
• More possibilities to be connected with Inventors, Big Tech Compa-
nies, Investors, and Governments from many Countries by participating
in the IFIA Startups Open Innovation Challenges and in the events it
organizes and supports.

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