Ever create a technology that would work better as its own company? Do you have an innovation that is ready to make an impact, but needs the right market fit and a committed team to launch it? Sounds like good problems to have. But spinning out and commercializing innovation takes a broad set of skills and expertise from a team that’s co-invested in the venture’s success. Xinova’s Venture Design produces a viable business blueprint that can be funded, launched, and operated with a cohesive set of documents that tie together the essential elements necessary to raise funding, recruit management, secure partners, and gather enabling technologies. These cover the business model, the business plan, financial models, financial structures, identification of needed enabling technologies, addressable market analysis, product/service design core elements, and evaluation of potential customers.
When managers become entrepreneurs
Established companies are less likely to have entrepreneurial, creative resources with experience in designing, financing, and operating new ventures. This makes it a challenge to gather the right mix of creative and expert resources to form a team that can invent original business concepts, create business models, and stitch together all the elements needed to launch a new business. Venture Design solves this problem. Our commercialization services are geared towards launching new products and creating new companies, financed externally and operating independently (but linked through stakeholding or other financial claims). You can partner with, and eventually acquire and integrate, such a spinout once the business is ready to be scaled up.
Blueprint for success
Venture Design is a turnkey solution. A Venture Design hands you a ‘ready to build’ blueprint that you can execute and operate. Venture Design contains intellectual property (ideas and know-how) and is suitable for sale and/or license. The SousZen case study is a powerful example of a technology-grounded concept–the world’s first connected-kitchen platform–becoming much more, as the business blueprint was mapped and the CEO for the venture was recruited from the network.