Innovations Factory is here to help you. We provide a unique ‘one-stop shop’, covering: technology assessment, competitive benchmarking, business planning and managing new product development and commercialisation. In detail:
Assess a new idea, including:
· Needs assessment – is there a problem
· Benchmarking – are there any competitive products
Develop healthcare products and services, including:
· Early prototyping – quick models for user assessment
· Concept selection – systematic approach
Develop comprehensive business plans, including:
· Market research
· Evidence base
Identify and develop routes to market, including:
· NHS and Private healthcare procurement
· Economically viable commercialisation
Application and implementation of new products & services, including
· Set up multi-disciplinary teams and pilot studies
· Develop and adapt processes and procedures
IPR Management, including:
· Develop an IP strategy, advise on most effective way to secure IPR (patent, trademark, design rights, copy right)
· Manage patent process including PCT
Packages
We have developed a number of packages that cover product development from concept to commercialisation.
Innovations Factory Concept MOT™
We have developed the Innovations Factory MOT™, an effective assessment tool for your organisation that helps you to see where you are at and what is required to realise your aspirations. The MOT has been developed to prevent waste of time and money carrying out detailed market research for concepts that can be eliminated at this early stage.
Innovations Factory Analysis™
This is a full concept assessment report, which includes a detailed market research & evaluation; future proofing (technology roadmap), cost – benefit analysis; IP strategy; requirement for finance and a New Product Development plan. The report will allow a qualified commercialise or kill decision. The outcome is a clear strategic statement and direction for future development, which will lead to successful commercialization, if this is viable.
InterQB-it®
We have an exclusive license for the latest management tool: InterQB-it® is as holistic framework for business and innovation management, a joined-up way of thinking that enables people to see the big picture, and align their actions and efforts accordingly - ‘Doing the Right Things’
Other services
Furthermore, we are able to provide ongoing project management and expert support in the following areas:
· New Product Development, including design, prototyping and validation
· Quality & Regulatory Affairs ; including technical files
· Licensing & Commercialisation Services; including a product launch
· IP Services, including full patent application and registration
· Setting up Manufacturing Systems
· Exhibition and Trade show package
Our USP
Innovations Factory is an established and effective team; we can provide an extremely efficient service, which is reflected in our competitive pricing. The team members each have a high level of experience and expertise that is recognised at UK and international levels. Together we provide a unique ‘one-stop-shop’ approach to innovation for the healthcare marketplace.
Guide to Market Access
In 2007 we wrote the main part of the Guide to Market Access on behalf of Medilink West midlands. This is a comprehensive 120-page practical hand book to help manufacturers innovate and diversify. The step-by-step guide clearly explains how the medical market is structured and includes advice on how to establish and implement an effective entry strategy, details some of the key support organisations available and offers tips on how to build partnerships. It also explores issues relating to regulatory affairs unique to the medical market.
The Guide to Market Access is available through Medilink West Midlands.
Contact us whether you are in the early stages of exploring the healthcare marketplace or if your idea is a concept or whether it is in production already and you are seeking cost reduction. We are ready to help you to reach your potential and realise your aspirations.