How to succeed as a start up!
To run a successful start-up requires time, money, skills and commitment. Here are 8 useful tips from INNOVIC’s Commercialisation Director, Richard Milne: Research your new idea to see if already exists Develop your idea to early concept stage to ascertain its viability Don’t file for IP protec...
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Grants are always good, right? Well, there IS a downside!
Many start-ups and SMEs apply for grants to help them develop a business idea or grow and expand their products and services. Applying for a grant imposes a useful discipline. To be successful you need to comply with the grant guidelines and deliver products or services according to the schedule...
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Can’t get your NDA signed? Here’s why …
Non Disclosure Agreements (NDAs), sometimes called Confidentiality Agreements, are often used by innovators when approaching third parties to discuss a new, or unpatented product. However, not everyone will sign an NDA. Why not? Many large corporates have their own R&D teams and do extensiv...
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Common Misconceptions About Intellectual Property
Intellectual property (IP) is a product of the mind and can manifest in many different forms such as a table, a carton, or a car, and methods of producing these products. IP rights such as patents, registered designs, trade marks and trade secrets can be powerful tools to propel your business and...
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So, how do you make $$$ from an app?
Research suggests that 98% of the global revenue from apps, comes from FREE apps, NOT paid ones. So … before you develop your app, you need to consider how to monetise it. Here are some typical ways to generate revenue. In-app advertising – raising revenue from advertisers Freemium model – offer...
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Angel Investors: Who are they and how does it work?
Angel investors are usually entrepreneurs and high net worth individuals with significant business expertise, strong networks and an interest in new technologies and business opportunities. They typically invest in start-ups and early-stage businesses that are scalable and have high-growth potent...
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What is your business worth?
If you are planning to sell your business, you need to have an idea of its value. So … how do you determine what your business is worth? To sell your business you will need relevant documentation including comprehensive financials and revenue forecasts, as well as a list of the tangible assets th...
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Licensing: What is it and how does it work?
All you need to know about licensing your IP, royalties and what to include in licensing agreements.
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Different ways to raise funds … the crowd and P2P
Crowd funding, equity crowd funding and P2P lending – What’s the difference? Both crowdfunding and equity crowdfunding are different ways to raise money from a group of people for a specific task e.g. to fund a new product, grow a business or finance an endeavour. Individuals who donate to...
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INNOVIC’s March 2021 Newsletter – the latest grants, resources, articles and more
The latest grants, government programs, information, resources, articles of interest for innovators and start ups.
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