Step 4 in the I&V Process®
The fourth and last step of the
Innovation & Venture Process (I&V Process®) is the so-called Financing, which has the main objective to find the necessary financial resources needed for to realize the project.
In the sense of the "Simultaneous Venturing", using step 1 (Business-Planning), step 2 (Prototyping) and step 3 (Corporate Partnering) of the I&V Process, potential
investors and venture capitalists are selected in order to identify the optimal funding partner for the project. The majn advantage of this procedure is that in this very early stage of the project
all the requirements of a potential funding partner may easily be taken into account in the further development of the start-up project.
If within step 3 of the Corporate Partnering already a cooperation partner could be identified who is willing to cooperate, the chances to be successful in finding a funding partner will substantially increase.
The process step of the Financing is structured in a clearly defined and standardized procedure, which has been developed from experience and many applications to various industries and business areas. In the context of our Services, the complete documentation and know-how for the introduction and implementation of the I&V Process are put at the customer's disposal.
For further information about the Prototyping and the I&V Process, we refer to our Internal Seminar and Workshop "More Innovation for Less Money".
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