We understand the potential of your innovation
Since our early days, we have helped hundreds of companies assess the market and commercial feasibility of their innovation.
Are you an SME with a ground-breaking concept, but unsure of its commercial potential? Do you have a platform technology and need to identify new and marketable applications to boost the growth of your company? An initial business plan that needs further elaboration? If so, a feasibility study is key to obtaining these answers.
Feasibility studies assess the viability of an idea, a technology or a new business. The goal is to map all relevant aspects related to the development of your idea and determine if, after considering all significant factors, the business idea is commercially attractive. Feasibility studies elaborate on the business strategy, potential obstacles, market, competition and the investments needed to bring your innovation to the market.
By the end of a feasibility study, you have a clear understanding of the business opportunity for your innovation and the strategy that you need to pursue to make your business successful. You will also know the resources needed to implement it and the risks involved.
Examples of what we can help you learn:
- Understand the demand for your products or services
- Understand your customers
- Define your Unique Selling Points
- Learn how much investment you need to bring your innovation to the market
- Define your commercialization strategy and revenue model
Here's how it works.
Data collection
In this phase we review the available information, and perform research to complete the data needed. In some cases, we also interview potential customers for your product or service.
Analysis and compilation
Once all the necessary data is collected, we analyse it and compile it into a document, including visual illustrations.
Delivery
You receive all the documents and data, and after review we adapt the changes. We also plan a meeting where you can ask questions and get clarifications.
How can we help you further?
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A must-have if you’re interested in getting your business to the next level