Whether you’re an individual with a visionary project, a university department head in technology engineering or an investor in startup mode, you need to know the exact status of your innovation project before committing any further.
The following assessment criteria will help guide your approach: your project’s level of technological maturity, its technical and economic viability, its compliance with laws and regulations, its safety issues, its estimated investment and return as well as the costs required to attract investors who will drive your business plan.
A pre-feasibility study will help you understand these parameters and decide whether or not to move on to the next development stage. By the same token, if you have a portfolio of innovative projects, you’ll be in a solid position to make strategic decisions, selecting those with the highest success rate.
Make your vision a reality: from pure science to applied design
At each stage of your project development process, you want to verify and align all checkpoints with your performance indicators, proactively address any issues that arise along the way and manage risks effectively.
Be well supported during the product development process
- Pilot plant
- Validation plant
- Commercialization plant
It may be tempting to believe that going from a pilot project to full commercial production is just a matter of scaling up. However, there will be several technical constraints in terms of operations, efficiency and cost management when bringing your engineering concept to market. We also identify opportunities to improve a technology when applied on a large scale. In short, full scale operation is a whole other world with its own challenges. The BBA team can help you.