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what we do
Our aim is to create investment ready technologies, helping to bridge
the gap between the laboratory and the market. We conduct early
stage technology development
(proof of concept) projects within the Physical Sciences and Engineering
domains. Our commercially focused projects use a
multidisciplinary team whose aim is to address the key concerns of
prospective customers.
Our
focus is on ideas originating from academia, although the sources of
ideas submitted to us are many and varied and include multinational
companies, SMEs, lone inventors and VCs. Areas of
particular interest to TfI are:
Medical Devices
Renewable Energy
Information & Communication Technologies
Nanotechnology
TfI encourages
researchers to share ideas that they would normally never disclose due
to a lack of time, expertise or resources. All ideas disclosed are
expanded upon and analysed with no cost to the researcher or university,
and detailed feedback is given as to the commercial potential of their
idea. We pay the researcher an upfront bonus for any chosen concepts
that become commercialisation projects.
To turn the concept into an
investment ready technology, various activities are undertaken during
the project including market evaluation, IP evaluation & protection and
technology prototyping. TfI develops chosen
concepts, adding new IP, in our laboratories using our own scientists
and engineers. Our extended network of expert advisors and partners
support these developments and the subsequent sales process.
We aim
to sell or license the proven technology either directly to end
customers or in conjunction with our
partners who conduct any subsequent product development work for
the end customers. Any profits from sales are shared with the university
and researcher.
For
more information on our philosophy and approach to Proof of Concept, see
this
book extract written by the founders of Technology from Ideas.
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