Technology Acquisition and Development Assistance
Focusing technology development toward lucrative opportunities
The Situation
A university professor, Mr. Intellect, had invented a metals processing technology
improvement to that was believed to be of value in a variety of applications.
Additional funding and commercialization partners were required in order
to support and guide further development of the technology.
The Challenge
Twelve widely-different potential end-use applications for the technology were
identified. Each required the technology development to focus on different
and loosely defined performance objectives. In addition, the market potential
for each of the possible opportunities was not clear.
The Solution
Vertex worked with Intellect to clearly identify and define all potential applications
for the technology under development. Preliminary market attractiveness assessments
for twelve end-use applications were made. The three applications with the
best potential were identified and recommended for further development.
The Result
Intellect was able to focus further technology developments in the most lucrative
direction. In addition, a commercialization partner and industrial funding
was secured to further fund Intellect's future work.
