FTO – A freedom-to-operate (FTO) search lets you check if your IP will likely infringe on prior intellectual property.
GRL™ – Our innovative scoring mechanism that provides your projects with a Grant Readiness Level enabling quick identification of project readiness and comparison to funds.
IP – Intellectual Property (IP) refers to creations of the mind, such as inventions, literary and artistic works, designs, symbols, names and images used in commerce. IP Rights allow protection and revenue generation from the intellectual property created.
LOIs – Letters of interest can be provided, commonly by potential customers, to show their interest and will to adopt the solution once it’s commercialised, thus demonstrating genuine market pull.
LOS – Letters of support are typically issued in the name of a company or institution to show a non-binding intention of commitment or in-project collaboration, for example from an external testing partner.
MVP – Minimum Viable Product is the first release of your product that has only the minimum features required to satisfy your early adopters and validate a product idea.
Scale-up – A company with a proven product-market fit and rapid revenue growth scaling operations, hiring, and expanding its customer base.
Start-up – A company in the first stages of operations with minimal or no revenue seeking initial funding from investors or founders’ resources with high potential for innovation.
TRL – Technology Readiness Levels (TRL) is a type of measurement system used to assess the maturity level of a particular technology.
Work packages – Work packages consist of tasks, milestones, deliverables, resources, budgetary requirements, dependencies and timings to build a clearly defined work plan.