Your challenge
There is no longer room for investing money in R&D-projects which carry significant risks of failure. Consequently, the need to prioritise projects becomes crucial.
Often, a company’s management faces difficulties at an early stage when evaluating potential risks or successes of new ideas. The decision basis is often weak and the decision to invest significant development and employee resources in these projects is based purely on a gut feeling and intuition.
Our solution
Today, it is possible to generate more accurate forecasts regarding investments in technological development projects. We have developed a unique service called ‘Innovation Risk Assessment’ which can at an early stage assess an innovation project's likelihood of success or failure.
By using the knowledge available in patent databases, we are able to provide your company with an overview of competitors in the technological field of relevance to your project idea. Thus, in Innovation Risk Assessment, we conduct an analysis of patent activity in the technological field relevant to your idea and in other closely related fields. Furthermore, we help you identify the competitors operating in the specific field and evaluate their strength and interest in the field.
We make use of the leading software tools and experts in an intensive and well-structured process and, within a short period of time, we are able to present you with the results of the analysis in a very transparent manner.
Your benefits
Through Innovation Risk Assessment, your company can early in the idea phase obtain answers to important questions of decisive influence on the success or failure of your project. These questions, among others, uncover:
- How appealing is the technological field of your idea viewed from the patent perspective?
- Which competitors’ patent rights can potentially restrict your business?
- What characterises your main competitors' patent activities and how aggressive are they?
- Which geographical focus and economic ties do your competitors have?
- Which unexpected competitors are you up against?
At the same time, the analysis provides you with the opportunity to identify potential partners and technologies that can benefit your idea. Besides providing your company with a unique decision basis at an early stage, Innovation Risk Assessment also provides you with an effective and inexpensive risk assessment.
Please contact us if you are interested in receiving more information on our service or would like a presentation of a case regarding Innovation Risk Assessment.
