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Tamer Ahmed Entrepreneur, 7 startups, BioBusiness, Ventitude

Cairo,Egypt
Tamer is an innovation expert who has 28 years of experience in the technology domain, he had led Orange Lab programs for broadband, mobile and multimedia in EMEA region for 6 years starting 2008. His team had succeeded to reach world class recognition with two products awards best new services in Africa Com 2011 and 2013. He had initiated the development of completely new products during his career and many of them are still serving globally. That includes Internet EveryWhere which is a low cost internet broadband solution for rural areas where no 3G/4G is available and the cost is below $100 per connection serving 50 people at least. Tamer is an entrepreneur, co-founded 3 startups in the last 5 year(Ogra,Asly and BioBusiness) and he managed…

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Tamer Ahmed, Entrepreneur, 7 startups, BioBusiness, Ventitude answered:

You can put a term in the contract to allow for royalty waiver when proceeding to exit. This term can include either royalty are waived after 5-10 years or they can be waived by paying specific amount of money to the university, for example a term will be like that "Based on founders and investors agreement, the company can offer a royalty waiver for the amount of 10 times last year royalty paid"

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