Business Development

Our business development activities include working with entrepreneurs in the development of new concepts, assisting established companies in the commercialization of new technologies, and working with clients to arrange deals with outside entities that will enable both companies to grow their businesses.

Development of new concepts for entrepreneurs often involves market research to identify current attitudes and use patterns in the market, validate the merits of the concepts, and identify appropriate pricing. We also assist in related areas such as royalty arrangements, prototype development, pilot production, FDA filings for medical products, patent applications, etc.

Commercialization of technologies typically involves a series of specific activities:
- Definition of product requirements
- Evaluation of outsourcing
- Assessment of development needs
- Patent drafting
- Project planning and management
- Product design optimization
- Presentations to potential clients
- Technology transfer assessments
- Technology transfer negotiations

Working with established companies to arrange deals with outside companies may involve identifying and qualifying potential candidates, initiating contacts, and helping in the negotiations. Often, it also includes working with the client to update their strategic plan, ensuring that the proposed deal fits the plan.