The investor and the university wanted to commercialise an energy harvesting technology, but needed an investible business plan in order to identify the best target markets CLT’s business plan was approved for investment, which enabled the venture to spin-out of the university. The investor wanted to invest in an energy harvesting technology embedded in a leading UK university, but needed a r Based on this analysis and support, the investment committee approved the business plan and the university spun the company out. To support the new venture’s first six months, CLT embedded an interim CEO until such time as a permanent CEO could be recruited.