Velocity is a for-profit company, enabling owners of intellectual property (IP) to move their innovations into the marketplace and to fully commercialize their inventions rapidly and with reduced risk.
Our goal is to be your senior level partner, and, in order to be that, we have to make sure that you are successful.
We think inventors are most productive when they can spend most of their time inventing and developing. We realize that independence is one of the reasons people become involved with a startup in the first place. And frankly, it's also one of the reasons startups succeed.
The most important thing we do is work with new ventures on their ideas. We are entrepreneurs ourselves, and we have spent a lot of time figuring out how to commercialize ideas and products. The issues can range from the minor (i.e., how to properly incorporate) to the more complex (how to manufacture). It can make sense to sell or license an invention early rather than rolling the dice and taking on more funding. We simply want to make sure that you are getting the best possible deal, and we can help. We help founders deal with investors and acquirers, and one of the least publicized things that we do is provide on-going mentoring for the team. Most startups don’t think they need that, but it can be one of the most transforming things that we do.
Velocity, in particular, is interested in helping companies, that are ready for commercialization, who are focused in any of the following areas:
In exchange for the services and funding, we secure a fee and equity stake in our portfolio companies giving us a vested interest in their success.