Business Planning and Guidance
In our endeavor to generate wealth for the grassroots innovator, NIF facilitates commercialization of the technologies through our value chain stakeholders providing inputs for business planning and guiding them in the incubation process, through identifying potential licensee, prospecting, negotiating and closing deals on behalf of the Innovators, which includes the following:
- Hand holding support for prototype development through using qualitative research tools such as focus group discussion (FGD), delphi method, personal interview with stakeholders and industry analysts
- Market environment assessment of the existing market structure from both the demand as well as supply side.
- Factors contributing to the development of the markets.
- Product positioning and demand forecasting for the existing as well as future markets i.e. local, national or international.
- Operation, supply chain and market plan, for various stages of the project and targeted market size.
- Risk assessment for the entire project including both technical and commercial risks.
- Financial analysis, which includes projected funds flow, net profit value, return on investment and internal rate of return.
- Strategic stakeholder networking required for setting up of the project.
- Developing strategy pyramids for positioning, marketing, pricing, distribution and sales.
- Identifying, prospecting and negotiating with entrepreneur for technology licensing and developing alternative business model.
- Identify Non governmental organization (NGO) or other development sector stakeholders for social diffusion and venture projects.
