We help you navigate the path to success ...
ITECS can help you get over the hurdle of taking technology from research into product development. We are solution seekers that can help you find technology, partners, funding, opportunities and assist in developing and implementing an innovation roadmap. Our services provide solutions to many of the needs that we uncovered through our innovation survey. We spoke with over 150 Fortune 500 technology executives to understand the challenges that companies are facing to deliver excellence in innovation and the best practices they are employing to overcome those challenges. From these interviews, we were able to develop services and tools to help companies meet the modern challenges of innovation.
Our services include:
We can be the best tool to deliver on your growth agenda—providing deep experience and expertise, and resources to help make the venture roll smoothly, and an external perspective of which path is most appropriate for successful technology development.
Take a look at each of our services below, or download our Services brochure.
Technology for technology’s sake does not increase a company’s bottom line—nor does developing that technology in a vacuum. It is imperative to have a robust roadmap that considers not only the customer’s needs, both spoken and unspoken, but one that also identifies market and technology trends that are shaping the space where technology will reside. Through our innovation survey, we learned that many companies had roadmaps, however, their roadmaps were insufficient to wring every opportunity out of the markets and not comprehensive enough to help them from being blindsided by disruptions. Our survey showed us that many of the roadmaps were driven by multi generation product mapping and asset mapping, only addressing the needs of existing customers and technology platforms. In addition, they only addressed opportunities that were two years out, resulting in an incremental portfolio that failed to look at how megatrends could affect the plan. Furthermore, the roadmaps were created in isolation, with very limited external perspective to help identify and analyze disruptions and emerging technologies that could have an impact on the outcome.
ITECS has developed an approach to creating a robust roadmap –- one that will identify and evaluate trends in the market to uncover possible disruptions that could upset the apple cart –- or illuminate opportunities that were not initially considered. We enhance your innovation roadmap by completing a comprehensive evaluation of the emerging landscape in the space where your technology will reside, including mega trends, macro trends, and emerging technologies. From this analysis we can identify potential problems that need to be solved. Once these problems are identified, we work with the client to understand the best path forward, be it internal development, leveraging outside partnerships or simply making an acquisition.
“No man is an island”—“Two heads are better than one”—sayings we are all familiar with. They both stand very true when bringing a new concept to the market. In the environment of Open Innovation, they are especially true. Ask yourself—is your organization being pushed to deliver more with fewer resources? Do you need access to external resources to further your R&D initiatives? Would you like to inject new ideas into your programs which will energize your organization? Can Open Innovation save time and money? Is Open Innovation a buzzword or does it have real potential for your organization?
ITECS can help you with your open innovation initiatives. In our journey to understand best practices for open innovation, ITECS has interviewed over 150 companies to find out what has worked and what has not worked. From this study we have compiled some of the best tools and processes in the industry to not only find the technologies and partners that you need, but we also conduct due diligence to ensure that the solution is a good fit. Our databases and networks are the envy of any CTO or new business development executive. These tools provide a window into the public, private and academic sectors. Whether you need access to commercialization partners or help discovering technologies available to license, we have the resources at our fingertips.
The U.S. government accounts for about one third of all the research dollars spent in the United States. Moreover, they work on groundbreaking technologies that are generally fifteen to twenty years ahead of the private sector, dramatically changing existing markets and establishing new markets. Many companies have found that collaborating with the government, or leveraging the investments the public sector has made in technology, to be a valuable asset within their Open Innovation portfolio, mitigating the risk of developing transformational technologies. Other companies are actively participating in the ecosystem allowing them to direct the funds into areas that will give them a competitive advantage. The advantages of leveraging the public sector are many, but it is a complicated world to navigate. ITECS can help. We have the knowledge of the government process, the technical know-how to get the job done and a robust network of experts to navigate this world. We have facilitated our clients to partner with the government through CRADA, licensing technologies, obtaining funding, and/or participating in consortiums and federal agency roadmaps. For the last decade, ITECS has helped some of the world’s most successful companies do business with the government, assisting them in securing over $290 million in R&D and capital funds.
The first step in the process is to develop the business plan for leveraging the public sector and deciding whether the initiative will bear fruit. ITECS offers a feasibility analysis, a four to six week process where we review and analyze our client’s technology portfolios and core platforms. Our analysis, which filters through several layers of market, industry and agency experts, will provide a clear vision of what is possible for our clients in the governmental ecosystem. It will identify partnering opportunities, potential intellectual properties, along with funding opportunities. A business plan is then developed with SWOT and Return on Investment analyses to provide the client with a solid business plan. Our feasibility study not only provides a solid business plan, but also provides the information that allows the client to make informed Go/No-Go decisions on their programs.
Once a firm business plan is agreed on, ITECS helps clients execute on the business plan through our service contract. ITECS facilitates connections to the appropriate fund keepers and agency program managers. In addition, this service provides the fine-tuning needed to improve the client’s chances of success in securing funding –- whether that might be augmenting their projects with additional technologies or appropriate partners. Whatever gap we uncover, we put our team to task to address the gap –- finding the right solutions –- and negotiating the best deal possible for our client.
During the pursuit of funding, it is necessary to prepare grants. ITECS can help develop a value proposition for the proposal, manage the proposal writing process, and provide experienced grant writers to write and edit the proposal. This will ensure that the proposal fits the guidelines of the request and has a clear value proposition that is reinforced throughout the entire document.
Some of our clients do not have experience with managing government contracts. ITECS can provide technical writers, accountants, and lawyers to ensure that the right deal is made and the resultant contract is executed to meet both the clients need and the government needs. Not only does this give our clients peace of mind but, in most cases, the cost of the service can be paid from the monies received by the government.
With technology becoming more complex, and with an increased competition to get products to market faster, a strong innovation initiative is an essential asset to provide a strong foundation for your technology innovation agenda. Whether you are a technology executive developing a new innovation platform or want a new set of eyes to evaluate your existing innovation platform, an outside view can provide new insights to your innovative initiatives.
ITECS provides that “new set of eyes”— an unbiased, informed look at the robustness of your innovation strategy, uncovering new opportunities, identifying blind spots, and maximizing the value of your innovation initiative. We have years of experience running technology portfolios in a wide variety of industries, working with the entire value chain. Through our networks we have access to technology and business executives and can get to the right people to understand best practices in a wide variety of businesses. We can point you in the right direction — our insight will help identify red flags for you, freeing up valuable resources which can be used on more promising projects. We can help your organization think “outside the box”— inspiring creativity on where your innovation portfolio can take you.
We first do a Peer Group Analysis where we determine which organizations have similar goals and objectives to our clients, as well as those with similar constraints. We then interview these companies and determine what is working for them and what is not working for them on their innovation initiative. We then complete an Internal Analysis, where we identify and interview internal stakeholders to understand their needs from the initiative along with any constraints for implementing new processes into the organization. We are now fully armed with information from both the client and their peer groups about their innovation practices and can develop a solid path forward in optimizing the initiative to better meet our clients' goals and objectives.