An initial license offering (ILO) is a method for seed stage and startup stage firms to raise money.
Different from Equity Crowdfunding in that the transaction is not considered an investment, but a license sale, ILOs are available to companies in every country.
<big>How an ILO works</big>
The ILO is a straightforward intellectual property and distribution rights license that expires after 2 years and 9 months.
Any firm interested in creating an ILO first needs to provide the sale parameters for the licensees to review before they purchase.
Common parameters include:
* Length of time the sale will last
* Royalty percentage that represents the percentage of net sales that the company will set aside after the product is released and the contract has entered its second year
* Buyback percentage- which represents the total percentage of equity that the company will set aside to compensate the pool of licensees at contract's end should the company opt to pay the licensees back in equity
Once the firm has created the sale parameters, they merely need to create a portfolio or listing that explains the product or service that they are creating or want to create. The portfolio should include:
* A description of the technology or process that makes the product or service unique
* An overview of what the firm is seeking to accomplish with the offering
* An analysis of the competitive environment
* Some form of media presentation to augment the sales pitch
* The total amount of money that is expected to be raised via an Initial License Offering
The next step is to create a standard license contract that contains all of the elements that are to be promised to the licensees. In most commercial iterations of an ILO contract, the intellectual property rights do not include patent or copyright credit or allow the licensees to assign their rights or manufacture unless the company creating the co-creator license fails to fulfill the terms of the agreement.
After the portfolio is created, the firm can choose to list the offering on its own website or find an ILO Market.
When a purchaser chooses to license the technology or product, there are several set price options for the signup fee normally available. Each signup fee level generally corresponds to an increased stake as a co-creator. After selecting a sign-up fee, the purchaser then completes the transaction by paying, typically online.
The seller then signs a copy of the contract and sends it off to the buyer for their signature.
<big>The Contract Period</big>
The length of an ILO contract is set at a maximum of 2 years and 9 months.
The term can vary. the ILO's listed on the ILO Exchange allow for flexible terms usually 3 years with conversion or extension option at 30 months.
During this time, the seller can use the money that was deposited as a signup fee to expand the company and fund operations. During the first year of the contract, the seller has no obligations to the buyer other than maintaining the contract.
After the first year, the seller will start to set-aside royalty money from net sales if they have specified that there are to be royalties. The money will be sent on to the buyer on a quarterly basis.
Near the close of the second year, the seller is required to set a date for buyback within the next 9 months. On that date, the seller will pay the buyer back their sign-up fee in either cash or equity.
<big>Advantages for the seller</big>
* The transaction is a license sale, not an investment contract- therefore no SEC regulation
* The ability to receive funds every two months as they come in, not at the end of the seller's fundraising efforts, and not contingent upon whether or not you reach your target
<big>Advantages for the buyer</big>
* The ability to promote themselves as a co-creator of the technology
* The ability to become a distributor of the product
* The ability to start accruing royalties
* The right to sell the license back to the licensor in exchange for cash or company stock
<big>History</big>
The ILO was conceived in 2011 by David Gass of Imaginot LLC as a means of allowing startup firms to gain funding from a revenue standpoint at an earlier stage than was traditionally the case.
Different from Equity Crowdfunding in that the transaction is not considered an investment, but a license sale, ILOs are available to companies in every country.
<big>How an ILO works</big>
The ILO is a straightforward intellectual property and distribution rights license that expires after 2 years and 9 months.
Any firm interested in creating an ILO first needs to provide the sale parameters for the licensees to review before they purchase.
Common parameters include:
* Length of time the sale will last
* Royalty percentage that represents the percentage of net sales that the company will set aside after the product is released and the contract has entered its second year
* Buyback percentage- which represents the total percentage of equity that the company will set aside to compensate the pool of licensees at contract's end should the company opt to pay the licensees back in equity
Once the firm has created the sale parameters, they merely need to create a portfolio or listing that explains the product or service that they are creating or want to create. The portfolio should include:
* A description of the technology or process that makes the product or service unique
* An overview of what the firm is seeking to accomplish with the offering
* An analysis of the competitive environment
* Some form of media presentation to augment the sales pitch
* The total amount of money that is expected to be raised via an Initial License Offering
The next step is to create a standard license contract that contains all of the elements that are to be promised to the licensees. In most commercial iterations of an ILO contract, the intellectual property rights do not include patent or copyright credit or allow the licensees to assign their rights or manufacture unless the company creating the co-creator license fails to fulfill the terms of the agreement.
After the portfolio is created, the firm can choose to list the offering on its own website or find an ILO Market.
When a purchaser chooses to license the technology or product, there are several set price options for the signup fee normally available. Each signup fee level generally corresponds to an increased stake as a co-creator. After selecting a sign-up fee, the purchaser then completes the transaction by paying, typically online.
The seller then signs a copy of the contract and sends it off to the buyer for their signature.
<big>The Contract Period</big>
The length of an ILO contract is set at a maximum of 2 years and 9 months.
The term can vary. the ILO's listed on the ILO Exchange allow for flexible terms usually 3 years with conversion or extension option at 30 months.
During this time, the seller can use the money that was deposited as a signup fee to expand the company and fund operations. During the first year of the contract, the seller has no obligations to the buyer other than maintaining the contract.
After the first year, the seller will start to set-aside royalty money from net sales if they have specified that there are to be royalties. The money will be sent on to the buyer on a quarterly basis.
Near the close of the second year, the seller is required to set a date for buyback within the next 9 months. On that date, the seller will pay the buyer back their sign-up fee in either cash or equity.
<big>Advantages for the seller</big>
* The transaction is a license sale, not an investment contract- therefore no SEC regulation
* The ability to receive funds every two months as they come in, not at the end of the seller's fundraising efforts, and not contingent upon whether or not you reach your target
<big>Advantages for the buyer</big>
* The ability to promote themselves as a co-creator of the technology
* The ability to become a distributor of the product
* The ability to start accruing royalties
* The right to sell the license back to the licensor in exchange for cash or company stock
<big>History</big>
The ILO was conceived in 2011 by David Gass of Imaginot LLC as a means of allowing startup firms to gain funding from a revenue standpoint at an earlier stage than was traditionally the case.
The European International University (EIU) - Paris is a private and independent higher learning institution in France established in 2018. EIU - Paris offers higher education and professional training programmes in three different learning modes, on-campus, online and blended. Its city campus is located at 59 Rue Lamarck 75018 Paris.
Recognition
The university is recognized by the French Ministry of National Education, Higher Education, Research, and Innovation as a private higher education institution. The university is also duly recognized as a professional training service provider under the French Employment Code (registration number: 11755784775) with the prefecture of the region of ILE-DE-FRANCE.
Accreditation and Memberships
The university is accredited by the Accreditation Service for International Colleges, a U.K government recognized international accreditation body. The university is a member of the following organisations:
# European Council for Business Education (ECBE)
# Association for Transnational Higher Education Accreditation (ATHEA)
# Business Graduates Association (BGA), a business school accreditation organization part of the Association of MBAs
Academics
EIU - Paris programmes are based on European Credit Transfer System (ECTS).
# Master of Business Administration (M.B.A) - 15 different specializations
Professional Training
EIU - Paris offers the following the programmes that focuses on job related skills development and enhancement:
# Professional Certificate
# Executive Diploma
# Executive Bachelor's Certificate
# Graduate Diploma
# Postgraduate Diploma
# Professional Master Certificate
# Professional Doctoral Certificate
Awards
In 2019, the university was ranked Top 85 Best Business School in the world by CEOWORLD Magazine
Recognition
The university is recognized by the French Ministry of National Education, Higher Education, Research, and Innovation as a private higher education institution. The university is also duly recognized as a professional training service provider under the French Employment Code (registration number: 11755784775) with the prefecture of the region of ILE-DE-FRANCE.
Accreditation and Memberships
The university is accredited by the Accreditation Service for International Colleges, a U.K government recognized international accreditation body. The university is a member of the following organisations:
# European Council for Business Education (ECBE)
# Association for Transnational Higher Education Accreditation (ATHEA)
# Business Graduates Association (BGA), a business school accreditation organization part of the Association of MBAs
Academics
EIU - Paris programmes are based on European Credit Transfer System (ECTS).
# Master of Business Administration (M.B.A) - 15 different specializations
Professional Training
EIU - Paris offers the following the programmes that focuses on job related skills development and enhancement:
# Professional Certificate
# Executive Diploma
# Executive Bachelor's Certificate
# Graduate Diploma
# Postgraduate Diploma
# Professional Master Certificate
# Professional Doctoral Certificate
Awards
In 2019, the university was ranked Top 85 Best Business School in the world by CEOWORLD Magazine
Philippe Cadène is a professor of geography at Paris Diderot University, affiliated to the Centre d'études en sciences sociales sur les mondes africains, américains et asiatiques (CESSMA). Although he is particularly known for his works on economic development in India , his research on globalization also led him to study South-East Asia and Persian Gulf countries.
Biography
Philippe Cadène was born in 1955 in the South of France. He studied at the University of Toulouse II-Le Mirail where he defended his Ph.D. thesis, supervised by Professor Bernard Kayser, in 1985. His initial works examined the socio-economic changes related to the urbanisation of rural areas, particularly in the periurban areas. In the early 1980's, Philippe Cadène started doing research on small and medium sized towns in India, where he highlighted the emergence of industrial districts as hubs of multiple networks built around new and ancient local communities. He has since extended his work to the cities of Persian Gulf countries, where he analysed the socioeconomic changes in the region.
After concluding a series of research projects in India at the Jawaharlal Nehru University (JNU), at the Institute of Development Studies (IDS) at the University of Sussex in the United Kingdom, and at the Sudasien Institut at the University of Heidelberg in Germany, he was appointed research fellow at the Centre National de la Recherche Scientifique (CNRS) within the Centre d'Etudes de l'Inde et de l'Asie du Sud (CEIAS) of the Ecole des Hautes Etudes en Sciences Sociales (EHESS).
His research subsequently focused on the economic and regional dynamics in India in which cities play an important role. In 1995, he got a position of professor in urban geography at the University of Paul Valéry in Montpellier. He then began his research within the Maison de la Géographie de Montpellier created by Roger Brunet and participated in the creation of the research centre ESPACE (Unité Mixte de Recherche).
In 2000, he was appointed Professor in development studies at Paris Diderot University. While continuing his research on India, his teaching and research extended beyond South Asia, in diverse Asian countries and more particularly in Arab states of the Persian Gulf. His publications then focused on the issues of globalisation and regional development , which he notably taught at Sciences Po Paris. He also published various textbooks and atlases for students and the general public .
During his career, Philippe Cadène has also been professor and invited researcher in several institutes of research and teaching in Asia : the Institut Français de Pondicherry, the University of Kyoto, the University of Séoul, the University of Utara Malaysia, the University of Kebamgsaan Malaysia, and the Université of Sorbonne Abu Dhabi. He also often teaches at the Tata Institute of Social Sciences in Mumbai.
Scientific approach
Trained to structuralist approaches in geography and anthropology, Philippe Cadène uses systemic and interdisciplinary methodologies and emphasises on qualitative data collection and long-term fieldworks. He tries to consider the various scales in which social processes are embedded, and he mixes quantitative and qualitative data to understand the dynamics of territorial systems. He generally approaches globalisation as a multi-scale process of territorial production. He also pays particular attention to the cities and the political relations between them within increasingly large regional boundaries.
Major publications
* Philippe Cadène, La construction d'une vaste région économique au nord-ouest de l'Inde : le corridor de développement Delhi-Mumbai (the building of a large economic region in North-West India; the Delhi-Mumbai development corridor), Bulletin de l'Association des Géographes Français (BAGF), pp.40-61, 2017
* Philippe Cadène, La géographie comme science sociale à l'ère de la mondialisation (Geography as social sciences at the time of globalisation), in Gukto (Planning and Policy), n° 351, Korea Research Institute for Human Settlements, 2011
* Philippe Cadène, Société de la connaissance et politiques de développement aux Emirats Arabes Unis (Knowledge society and development policy in the UAE), Maghreb-Machrek, n° 195, 2008
* Philippe Cadène, L’Asie du Sud dans la mondialisation (South Asia towards globalization), in P. Cadène (Ed.), Mondialisation. L’intégration des pays en développement, Paris, SEDES, Coll. DIEM, 2007
* Philippe Cadène, La dynamique spatiale des grandes entreprises en Inde (The spatial dynamics of big enterprises in India), in Kermel D. et all. (Eds.), Dynamiques spatiales de l'industrialisation. Chine, Inde, Thaïlande, Paris, UNESCO, 2003
* Philippe Cadène, Industrial districts and integration of Indian space, in P. Cadène et M. Holmstrom (Eds), Decentralized production in India. Industrial districts, flexible specialization and employment, New-Delhi, Sage Publications, 1998
* Philippe Cadène, Le rôle des castes marchandes dans l'économie indienne aujourd'hui. Le cas des Jains dans une petite ville du Rajasthan (The importance of merchant castes in the contemporary Indian economy: the case of the Jains in a small town of Rajasthan), in Les Cahiers de la Recherche Architecturale, 1995, n°35-36
* Philippe Cadène, L'usage des espaces péri-urbains: Une géographie régionale des conflits 5The use of periurban space in France. A regional geography of social conflicts), in Etudes rurales, n°118-119, 1990, pp. 235-267.
* Philippe Cadène, Le développement de la petite industrie : le cas du marbre au Sud-Rajasthan (Development of small scale industry: the case of marble in South-Rajasthan), in Revue Tiers-Monde, n°119, 1989, pp. 673-694.
Biography
Philippe Cadène was born in 1955 in the South of France. He studied at the University of Toulouse II-Le Mirail where he defended his Ph.D. thesis, supervised by Professor Bernard Kayser, in 1985. His initial works examined the socio-economic changes related to the urbanisation of rural areas, particularly in the periurban areas. In the early 1980's, Philippe Cadène started doing research on small and medium sized towns in India, where he highlighted the emergence of industrial districts as hubs of multiple networks built around new and ancient local communities. He has since extended his work to the cities of Persian Gulf countries, where he analysed the socioeconomic changes in the region.
After concluding a series of research projects in India at the Jawaharlal Nehru University (JNU), at the Institute of Development Studies (IDS) at the University of Sussex in the United Kingdom, and at the Sudasien Institut at the University of Heidelberg in Germany, he was appointed research fellow at the Centre National de la Recherche Scientifique (CNRS) within the Centre d'Etudes de l'Inde et de l'Asie du Sud (CEIAS) of the Ecole des Hautes Etudes en Sciences Sociales (EHESS).
His research subsequently focused on the economic and regional dynamics in India in which cities play an important role. In 1995, he got a position of professor in urban geography at the University of Paul Valéry in Montpellier. He then began his research within the Maison de la Géographie de Montpellier created by Roger Brunet and participated in the creation of the research centre ESPACE (Unité Mixte de Recherche).
In 2000, he was appointed Professor in development studies at Paris Diderot University. While continuing his research on India, his teaching and research extended beyond South Asia, in diverse Asian countries and more particularly in Arab states of the Persian Gulf. His publications then focused on the issues of globalisation and regional development , which he notably taught at Sciences Po Paris. He also published various textbooks and atlases for students and the general public .
During his career, Philippe Cadène has also been professor and invited researcher in several institutes of research and teaching in Asia : the Institut Français de Pondicherry, the University of Kyoto, the University of Séoul, the University of Utara Malaysia, the University of Kebamgsaan Malaysia, and the Université of Sorbonne Abu Dhabi. He also often teaches at the Tata Institute of Social Sciences in Mumbai.
Scientific approach
Trained to structuralist approaches in geography and anthropology, Philippe Cadène uses systemic and interdisciplinary methodologies and emphasises on qualitative data collection and long-term fieldworks. He tries to consider the various scales in which social processes are embedded, and he mixes quantitative and qualitative data to understand the dynamics of territorial systems. He generally approaches globalisation as a multi-scale process of territorial production. He also pays particular attention to the cities and the political relations between them within increasingly large regional boundaries.
Major publications
* Philippe Cadène, La construction d'une vaste région économique au nord-ouest de l'Inde : le corridor de développement Delhi-Mumbai (the building of a large economic region in North-West India; the Delhi-Mumbai development corridor), Bulletin de l'Association des Géographes Français (BAGF), pp.40-61, 2017
* Philippe Cadène, La géographie comme science sociale à l'ère de la mondialisation (Geography as social sciences at the time of globalisation), in Gukto (Planning and Policy), n° 351, Korea Research Institute for Human Settlements, 2011
* Philippe Cadène, Société de la connaissance et politiques de développement aux Emirats Arabes Unis (Knowledge society and development policy in the UAE), Maghreb-Machrek, n° 195, 2008
* Philippe Cadène, L’Asie du Sud dans la mondialisation (South Asia towards globalization), in P. Cadène (Ed.), Mondialisation. L’intégration des pays en développement, Paris, SEDES, Coll. DIEM, 2007
* Philippe Cadène, La dynamique spatiale des grandes entreprises en Inde (The spatial dynamics of big enterprises in India), in Kermel D. et all. (Eds.), Dynamiques spatiales de l'industrialisation. Chine, Inde, Thaïlande, Paris, UNESCO, 2003
* Philippe Cadène, Industrial districts and integration of Indian space, in P. Cadène et M. Holmstrom (Eds), Decentralized production in India. Industrial districts, flexible specialization and employment, New-Delhi, Sage Publications, 1998
* Philippe Cadène, Le rôle des castes marchandes dans l'économie indienne aujourd'hui. Le cas des Jains dans une petite ville du Rajasthan (The importance of merchant castes in the contemporary Indian economy: the case of the Jains in a small town of Rajasthan), in Les Cahiers de la Recherche Architecturale, 1995, n°35-36
* Philippe Cadène, L'usage des espaces péri-urbains: Une géographie régionale des conflits 5The use of periurban space in France. A regional geography of social conflicts), in Etudes rurales, n°118-119, 1990, pp. 235-267.
* Philippe Cadène, Le développement de la petite industrie : le cas du marbre au Sud-Rajasthan (Development of small scale industry: the case of marble in South-Rajasthan), in Revue Tiers-Monde, n°119, 1989, pp. 673-694.
Minnesota Select Volleyball Club is a Junior Olympic Volleyball Club based out of Maple Grove, Minnesota. MN Select is a member of the United States Volleyball Association and JVA. MN Select Volleyball Center is the home of MN SelectTeam practices and club tournaments are held at the MN Select Volleyball Center. They provide girls, and boys, teams for ages from 12 to 18, plus Youth Development Teams for those under the age of 12. Their season starts in the beginning of December, and depending on the team can last until June or beginning of July. The club director is Scott Jackson, who is also the Wayzata High School head coach. Their website can be found at www.mnselect.com Home.
Club Philosophy
Minnesota Select's club philosophy is "Passion and Purpose."
According to their website, "Minnesota Select Volleyball Club is dedicated to the personal and athletic development of youth through the pursuit of excellence in volleyball. We seek to provide the highest level of volleyball training. To this end, participants in our Junior Olympic program can expect not only outstanding team training but also outstanding position-specific and skill-specific training." They care about helping players improve as overall athletes, and do so by implicating athletic training that focuses on explosive power, agility, and physical conditioning.
Club Philosophy
Minnesota Select's club philosophy is "Passion and Purpose."
According to their website, "Minnesota Select Volleyball Club is dedicated to the personal and athletic development of youth through the pursuit of excellence in volleyball. We seek to provide the highest level of volleyball training. To this end, participants in our Junior Olympic program can expect not only outstanding team training but also outstanding position-specific and skill-specific training." They care about helping players improve as overall athletes, and do so by implicating athletic training that focuses on explosive power, agility, and physical conditioning.