Every new technology, product and service has a different route to commercialisation. And every new technology, product and service will have different needs. Some projects need funding, others a management team and many are sold or licensed to existing companies with the skills and infrastructure to make the project a success.
At the Creative Ventures Consortium we move every new technology, product or service through a series of stages to ensure the right route to commercialisation is followed.
Stage 1
We source, through a variety of methods, high quality IPR, which may be a patented new technology, innovations or services. The IPR must fulfil a set of strict criteria so we can maximise the chances of successful commercialisation.
Stage 2
The IPR is reviewed and evaluated. Its potential is scoped both technically and from a market perspective.
Stage 3
Having established the project’s needs and potential, we develop the business case for its commercialisation. The best route might be through a licensing arrangement, a Joint Venture or perhaps funding and management to get to the next level. Working with specialists and IPR owners we choose what is best for the new technology, product or service.
Stage 4
When the best route to commercialisation has been determined in stage 3, we get to work implementing the business case doing what needs to be done; raising funding, finding JV partners, contacting and negotiating with companies who want to exploit the technology, product or service.
Sell, license, JV, funding, management