Our consultancy services will help you to prepare your project & business plans. Having an external body validate your plan adds confidence and external review credibility to your enthusiasm. Which means that potential investors will have more trust in what you are doing and have more confidence to make the investment that you need.
If you are applying for a grant then the awarding body will want to see that you have carried out some market research. The quality and depth of this research will have a huge impact upon the credibility of your application. At the end of the day, the funding bodies want to back innovation and research that is well thought out and most likely to be successful.
Have a close look at what you are doing. What is the new technology? What else is there in the market that looks like what you are doing? What will your technology solve? If your research is successful, who might buy your technology and what will the products look like? How are you going to monetize your technology? What is your route to market? And then what? How will it be manufactured? Where will it be manufactured?
These questions and others form part of your due diligence. If you can answer these questions in detail with some figures to back you up when you are more likely to succeed than if you are simply believing in yourself. Don’t get us wrong, believing in yourself is important, but a well-prepared business plan that addresses these types of questions and more shows that you are thinking carefully rather than just hoping.
We can help by undertaking research for you in the following areas;
Strategy & Commercial Due Diligence
Some of us are planners, mathematicians or bankers, bakers and candlestick makers. But none of us are all of these things. Often, the most innovative of us are very focused on the very narrow and specific issues that are right in front of our eyes. But when developing a new innovation, it is critical that the wider circumstances are examined and taken into account. This is where our consultancy services fit into your innovation project.
We can research the market and find out who your competitors are, where they are and what they are doing. We can research patents and copyright, identify who is most likely to use your technology, establish a route to market and maybe call 100 potential customers and ask them what they might do with a product like yours. This research can lead to project collaborations and relationships that can make the commercialization of your technology very effective. Or it might establish that there is simply a market for what you are intending to do. Either way, this is something that you need to know before spending thousands of pounds of your own money. The awarding body will need to be convinced before they invest thousands or millions of pounds of taxpayers money.
Ask yourself these questions:
- Am I lacking direction?
- Do I want to support developing my business plan for myself and for investors?
- Do I need help with the economics of my project?
- Do I want someone else to research the IP position of my technology?
- Do I need external funding to complete my work?
- Do I want someone else to do the market research while I do technical research?
- Do I need help with contingency planning?
- Do I want to make sure and demonstrate that my technology will be commercially effective?
- Do I need help to develop my manufacturing strategy and supply chain?
If you answered yes to any of these questions then we can help. Give us a call on 0115 8246664 for more information. We offer a free initial consultation over the telephone.
Our team have been preparing business plans and undertaking market research since 2001 in a variety of sectors from legal through to advanced scientific. We let the scientist deal with the science and help to build a coherent and researched risk assessed project plan around it which means that they have the best chance of being funded.
We will tell you before you waste significant time and money if your project requires further consideration and work with you to deliver the best outcome. This is how you make sure that you have the best chance of securing a substantial grant or private equity funding. It’s not necessarily enough to have a great concept with remarkable science...it has to have a commercial use or enable commercial use elsewhere.
Although our methodology includes an element Our consultancy services are charged on a daily rate, depending on the nature of the work required. If you need some help with the details of your project, give us a call today.