What is a start-up?
A start-up is a newly established or early-stage business entity built on an innovative idea, often making use of modern technologies and aiming for rapid growth. A typical feature of a start-up is its high growth potential and its effort to succeed in the market through a new or significantly different solution.
The term BUT Start-up refers to a legal entity entered in the Commercial Register with an innovative business idea and rapid growth potential,
- which develops the skills and knowledge of BUT employees and students,
- which is authorized, on the basis of a written agreement with BUT, to use the designation BUT Start-up,
- whose founders are employees or students of BUT,
- and in which BUT usually does not hold an ownership stake.
BUT start-ups are established by BUT employees or students who further develop the knowledge or skills acquired at BUT in their subsequent business activities.