Evaluation of Technology Development Applications

Evaluation of Technology Development Applications from Strategica Consulting

By: Strategica Consulting   19-04-2013
Keywords: Medical Device, Due Diligence, Business Strategic Planning

Client: Innovation Management Agency The Challenges: The client had identified and isolated an innovative medical device company as potentially worthy of support in commercialization of their respective technologies. The Client needed expert opinions from independent reviewing third party on the validity of the proposed projects. This is to assist any decision making process and as part of their professional care. Project Objectives: To validate the assumptions and provide expert opinions on proposed business plan, market data, regulatory and technical feasibility To identify potential issues in the business plan and recommend solutions to mitigate the potential risks Our Approach and Work: We conducted in-depth interviews with all the relevant stakeholders and target company. Through primary and secondary resources, we validated the reasonableness of the assumptions in the business plans. Outcome and Business Impact: Key business issues were identified. The keys to scale the business were to focus on systematic IP filings at different regions, distributors selections and marketing initiatives. We also discovered other potential applications of the products, which can be further developed for new target market. The Client decided to invest in the target company with stronger and more realistic action plans based on our findings. Website: www.strategica.com.my

Keywords: Business Strategic Planning, Due Diligence, Medical Device

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