Defining Objectives

Clearly outline the goals of the opportunity assessment, focusing on market expansion, product diversification, or identifying technology-driven opportunities.

Understanding Client Technology

Comprehensively grasp the client's technology landscape, aligning the assessment accurately with their objectives.

Data Collection

Conduct comprehensive searches across global patent and non-patent databases, emphasizing English content and utilizing machine translation when necessary.

Utilize diverse methods like keyword-based, class-based, assignee, inventor-based, and citation searching.

Access databases such as Orbit, Derwent Innovation, Google Patent, Patentscope, The Lens, and non-patent resources like Science Direct and PubChem.

Gather market data, news, annual reports, press releases, and regulatory updates related to the client's technology.

Data Analysis and Market Research

Identify relevant technology associated with the client's business.

Categorize identified references into structured taxonomies for a clear technology understanding.

Conduct in-depth analysis to extract valuable trends and insights.

Study market reports and industry analyses to comprehend market dynamics, consumer behavior, and competitive landscape.

Identify potential market gaps, unmet needs, and underserved segments for value creation.

Opportunity Assessment

Find the opportunity provided by the technology and segregate the relevant technology into the opportunities like

Our search strategies encompass a variety of methods :

• New Business : Emerging technologies driving innovation, creating disruptive products/services, and establishing new markets.

• Grow Business : Technologies optimizing operations, enhancing customer experiences, and enabling scalable growth.

• Ancillary Business : Supportive technologies/services enhancing specific industries' operations and offerings.

• Technology Integration : Technologies integrated into existing business processes, ensuring efficiency and seamless incorporation of diverse technologies like automation, software, AI, block chain, and cybersecurity services.

Evaluate potential risks related to technology and it is opportunity adoption, market entry, or regulatory challenges.

Assess identified technologies based on parameters like innovation potential, market readiness, scalability, and regulatory compliance.

Determine the feasibility of these technologies into the existing business framework.

Develop robust risk mitigation strategies tailored to address identified challenges.

Effectual conducts a SWOT analysis to identify internal strengths, weaknesses, as well as external opportunities and threats. This helps in understanding the market context and devising strategies that align with the client's goals.

By conducting a PESTLE analysis, Effectual explores the political, economic, social, technological, legal, and environmental factors affecting the market. This macro-environmental analysis helps in understanding the market landscape, foreseeing potential challenges, and identifying favorable conditions for market entry or expansion.

Rank and compare identified technology in each opportunity.

Risk Reward Analysis and Segregate the technology and it is opportunity into the four categories like

• Equal Low : Low, proportional risk and reward. Stable, modest returns with minimal risk

• Equal High : High, proportional risk and reward. High-risk, high-reward opportunities for ventures seeking substantial returns and accepting significant risks.

• Positive : Balanced risk-reward. Moderate risks, substantial profit potential, appealing to businesses aiming for balanced growth and returns with limited risk.

• Negative : High risk, low immediate rewards. Ideal for ventures with high-risk tolerance or long-term strategic goals.

Prioritize top opportunities aligned with the company's strategic objectives and capabilities.

Strategic Recommendations

Provide detailed recommendations on how the company can capitalize on identified opportunities.

Suggest strategic partnerships, investments, or acquisitions to expedite the implementation of strategies.

Effectual employs synergy analysis techniques to estimate the benefits resulting from strategic mergers or acquisitions. By identifying areas of overlap and potential enhancements, the analysis guides decisions on market entry, partnership formations, and resource optimization.

Reporting

Comprehensive Report : Deliver a comprehensive MS Excel-based report detailing project specifics, relevant technologies from patents and NPL against competitor technology, technology comparisons, search strategy, and taxonomy mapping.

Visual Representation : We create an MS PowerPoint presentation highlighting identified opportunities and actionable insights for effective communication and decision-making.