If your innovation assessment support includes the detailed business diagnostic assessment, the process is as follows:

  • Stage 1 : A preparatory review of work already done on business readiness, including a discussion with the technology transfer lead, review of the referred information pack, background research and gap analysis, and consideration of any prior discussions with investors.
  • Stage 2 : The diagnostic assessment
    • Stage 2a : Initial general business assessment by a business analyst
      An initial meeting or telephone-based discussion with those involved. This will be structured around a diagnostic workflow designed to identify areas for more detailed or specialist assessment and to initiate preparation of a draft report and action plan.
    • Stage 2b : In-depth assessment by a sector specialist
      The specialist will review the draft report and action plan, undertake further research and hold discussions to follow up on specific areas highlighted by the initial assessment. This stage will provide greater focus on investment readiness, a sectoral perspective on each diagnostic element and a specialist intellectual property review.
  • Stage 3 : Delivery of the assessment report and action plan and agreement of any additional support to be provided, which may include investment panel support or later follow-up to review actions.