From idea, feasibility to prototype

831 views

Published on

Description of process, from idea to prototype, developed for staff of the National Innovation Fund, Astana Kazakhstan

Published in: Business, Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
831
On SlideShare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
14
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

From idea, feasibility to prototype

  1. 1. Early Stage Commercialization Idea/Feasibility Proof‐of‐Concept (POC) PrototypeTechnical • Basic principles observed • Experiments showing  • ‘Breadboard’ validation in  • Technology concept is  critical function relevant environment formulated • ‘Breadboard’ validation in  • Prototype development  • It ‘could’ work laboratory in real life environment.  • It ‘should’ work Multiple designs • System demonstration in  real life environment • ‘It works’ (maybe not 100%)Commercial • Business thesis • Contact at least 5  • Ongoing engagement  • 1‐page summary of  potential customers to  with initial customers to  concept determine need &  ensure that design goals  • Initial scan of customer/  requirements are met competitive landscape • Determine market  • Full definition of business  potential, customer and  model with short and  competitors long term funding  • Conclude with 8‐10 page  requirements. business model with first  • Begin business plan cut of funding reqt’sIntellectual  None Provisional filing Utility patent filingProperty
  2. 2. Feasibility Feasibility Normally this stage is financed andTechnical • Basic principles observed executed by the technology transfer group • Technology concept is  at the research institute or university where formulated the technology originates. • It ‘could’ workCommercial • Business thesis • 1‐page summary of  Basic technical and commercial feasibility concept must be demonstrated before qualifying for • Initial scan of customer/  application for the next stage. competitive landscapeIntellectual  NoneProperty
  3. 3. Proof of Concept Figure 1 Proof‐of‐ConceptTechnical • Experiments showing  critical function • ‘Breadboard’ validation in  laboratory • It ‘should’ workCommercial • Contact at least 5  potential customers to  determine need &  requirements • Determine market  potential, customer and  competitors • 8‐10 page business  model with first cut of  funding requirementsIntellectual  National (KZ) filingProperty
  4. 4. Proof of Concept• Recipient: – Individual researchers or research groups at Universities and Institutes• Grant Size:  Up to $25,000• Features: – University or Institute must provide cost share of at least 20%.  Can be  in the form of in‐kind lab or equipment use or waiver of overheads.• Time Frame:  Maximum 12 months• Application: – Maximum 6 pages plus budget – No more than 1.5 pages of science – Remainder to be description of commercial opportunity and specific  aims of the proposal
  5. 5. Prototype Figure 2 PrototypeTechnical • ‘Breadboard’ validation in  relevant environment • Prototype development  in real life environment • System demonstration in  real life environment • It ‘works’Commercial • Ongoing engagement  with initial customers to  ensure that design goals  are met • Complete business model • Draft business planIntellectual  International patent filing  Property (covered by different grant  program)
  6. 6. Prototype• Recipient: – Individual researchers or research groups at Universities and Institutes,  incorporated entrepreneurs, startups, SME’s with private sector ownership• Grant Size:  Up to $100,000• Features: – University, Institute or company must provide cost share of at least 50%.  Can  be in the form of in‐kind lab or equipment use or waiver of overheads. – Optional 5% royalty on revenue from derived products to 150% of grant in  order to pay back grant program.• Time Frame:  Maximum 24 months• Application: – Maximum 15 pages plus budget – No more than 5 pages of science – Remainder to be description of commercial opportunity and specific aims of  the proposal
  7. 7. Manufacturing Prototype Figure 3 PrototypeTechnical • Advanced design that  operates in customer  environment  • Integrated into actual  customer operating  conditions for testing  under actual conditions • It ‘works’ even better!Commercial • Expand engagement to  beta customers to ensure  that variations in mkt  need are satisfied • Full business plan with  short and long term  funding requirementsIntellectual  International patent filed  & Property waiting confirmation of  acceptance

×