# Provenance

| id | label | value | source (publisher) | url | anchor | quote |
|---|---|---|---|---|---|---|
| seed | UK seed round (interest to close) | 4–6 month | rsvrtech | https://rsvrtech.com/blog/how-to-secure-seed-funding-uk/ | sources.md:9 | four to six months |
| deal | Spinout deal (avg completion) | 10 month | spinout.fyi | https://www.spinout.fyi/blog/faq | sources.md:8 | ten months |
| formation | Deep-tech spinout formation | 11 month | UKRI / Hickson Review | https://www.ukri.org/news/report-sets-out-how-ukri-can-set-more-spin-outs-up-for-success/ | sources.md:7 | 11 months |