Technology Evaluation

Great ideas can take two paths: the road to success or the road to obscurity. In most cases, the ideas that flourished received well-timed infusions of expertise, guidance and capital at critical junctures.

Among the most important services provided to those considering applying to the Emerging Innovations Fund are technology evaluations. Conducted by the Office of Business Development, “tech evaluations” are designed to be comprehensive, highly productive early-stage due diligence process that seeks to leave no stone unturned, no barrier or opportunity unexplored. The evaluation process provides important insight into a new product or service’s market potential. It can be invaluable in helping entrepreneurs refine their technology and overall business plan,  and identify paths for commercialization. Technology evaluations can include:

• Technology Overview—advantages, disadvantages, opportunities and challenges
• Market Research
  • Industry analysis
  • Market analysis (primary and secondary)
  • Competitors
  • Potential customers
  • Go to market strategy
• Financial Projections
  • Identify assumptions
  • Create a financial model
•  Venture Capital Presentations

The ultimate goal of the technology evaluations is to help Purdue entrepreneurs with emerging innovations further along the road to success. If you are working on a new technology that has commercial promise, the Office of Business Development would love to hear about it. Contact us and let’s talk.