Your Journey To Commercialising Cleantech
18 March 2015
BDO has produced a guide to commercialising clean technology (cleantech), in association with the Institution of Mechanical Engineers, which provides insight into the practical considerations involved in commercialising your cleantech business and will help to equip you to tackle some of the challenges to come.
The cleantech sector is an exciting and vibrant one. It sees businesses at all stages and across all technology classes innovating products that meet market demand for more resource efficient goods and services. Embarking on a journey to develop and commercialise a new product or striking out on your own as part of a management buy-out can be an exciting time. Many management teams are able to make a great deal of progress by relying exclusively on their own skills, experience and resources. Sometimes, however, issues arise that require support from experts or specialists.
As with any sector characterised by innovation and populated by entrepreneurial businesses, the road from initial concept to market success is a tough one. The ability to access funding, to move from proof of concept to production, to protect Intellectual Property and create a strong, 'backable' management team are all essential for success. How you then position your company to maximise value on an exit and get the right advice to execute on that plan are vital considerations from the outset.
The guide is split into three sections and is designed for you to dip in and out, depending on what stage of your journey you are on.
- Section 1: Early Stage Commercialisation– 'Gaining traction'
- Section 2: Developing a Commercial Proposition - 'Shifting gear'
- Section 3: Preparing for Exit – 'Hitting the accelerator'
If you would like to discuss any of the issues raised in this guide, please don't hesitate to contact Simon Pringle or James Thomas or your usual BDO contact.