Fiscal Sponsorship
Your funding has to be processed by some legal entity with the capacity to accept donations (from industry) or receive grants (from government agencies or philanthropic foundations), hire, pay salaries and other expenses. A fiscal sponsor often has some kind of infrastructure in place to deal with these matters, such as accountants, grants management, legal representation, or other specialized expertise in operations. Such infrastructure is often readily available at academic institutions but dealing with universities can often be slow. Small non-profit institutions like OMSF have the advantage that they are small and nimble, have such infrastructure in place and often have flexibility in how to make specific goals happen. Further overhead costs for OMSF are often very low compared to overhead costs at universities.
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OMSF