BSIC Process Map

Process Map Summary Outcome: Business Hypothesis Outcome: Business Plan Outcome: Resourcing of Plan Outcome: Business Execution Ideation Pre-Incubation Market Incubation

[object Object],[object Object],[object Object],IDEATION PHASE OUTCOME: BUSINESS HYPOTHESIS BSIC conducts preliminary research to determine baseline for viability An internal “ Champion” is identified 1. 2. Initial idea Innovator submits IP Disclosure / Summary Form to BSIC Idea proceeds to Pre-Incubation phase

PRE-INCUBATION PHASE OUTCOME: BUSINESS PLAN BSIC works with Innovator to develop a detailed business plan Idea proceeds to Incubation phase Secondary market research is completed by BSIC and a 3-5 person Advisory Group is formed Innovator, Champion, BSIC, and Advisory Group determine appropriate business model Areas addressed in Business Plan: Business Plan Outline ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Utilizing resources from: ,[object Object],[object Object],Business Models:

INCUBATION PHASE OUTCOME: RESOURCE THE PLAN Business resources are identified and secured Initiate business formation and registration Idea proceeds to Market phase Primary market research is completed ,[object Object],[object Object],[object Object],[object Object],[object Object],Business Resources:

MARKET PHASE OUTCOME: BUSINESS EXECUTION Sales & Distribution model is activated Profits or royalties distributed per IP Agreement ,[object Object],[object Object],[object Object],Distributed to: Business operation and revenue creation begins Business scale is achieved

BSIC Process Map

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BSIC Process Map