- Sign NDA with client
- Understand concept, technology and/or product details
- Understand client’s revenue expectations and investment budget
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- Identify all potential target markets
- Highlight existing and future market expectations in terms of technical performance and cost
- Define value propositions per sector
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- Identify key market drivers and trends
- List and assess rival solutions
- List, interview and profile key competitors for each rival solution/technology option
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- Identify key end user groups
- Interview end users to assess market pull
- Provide detailed market forecasts for each sector, broken down by value, weight/area and technology/player market share
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- Identify market and technology needs and trends per sector
- Define key selling points and highlight uniques
- Refine product positioning and marketing
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- Develop conservative and optimistic revenue projections in each target market
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- Work with client to assess required investment levels and estimate rate of return
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- Define next steps in terms of finding partners, customers, R&D roadmap, marketing channels, etc
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