Once you’ve developed new or improved products and services through research and development, your next step is to commercialise.
A great idea needs six things to have a chance of commercialisation and success:
- A validated solution to a problem and high level of uniqueness
- A go-to person who can deliver it
- A go-to person who can sell it
- A governance person who can manage it
- Cash to fund R&D, protect and commercialise the IP (intellectual property) – a combination of grants and investors can help this process
- A well-defined pathway to market.
Auckland’s network of business incubators can help you navigate these steps to take your business to market.
The New Zealand Growth Capital Partners organisation invests with venture capital funds and alongside angel investors to support New Zealand technology companies with start-up and growth capital.
KiwiNet works to give greater visibility to the technologies research organisations are developing. They can help identify and engage with potential investors and find opportunities for start-ups.
MBIE’s funding and support programmes are designed for high performing science and innovation businesses. Find out if your business can benefit from this programme today.