An all too common obstacle to commercialization of promising, but unproven, technologies developed at universities and federal laboratories is that typically, these technologies fail to reach the point of being sufficiently developed to attract large company or investment interest.
VIC solves this problem by providing what is typically beyond the reach of a start-up:
- A business development team spanning all essential disciplines
- Strategic management
- Marketing and market research
- Operational expertise
- Financial management
- Legal and administrative support
- Industry specific experts in advisory capacities
- Fundraising and proper capitalization
- Freedom from business operational demands, which allows the technical team to focus on product development
- Proactive management by an experienced team on a cost-effective basis
This is the VIC Innovation Ecosystem.