Startups face unique problems as they move from developing the technology to building a viable business. This particular startup had created a very disruptive technology with strong interest from the marketplace but was facing challenges due to financial constraints, lack of development of deep partnerships and internal strategic alignment.
As the operations partner, DCIL led a strategy exercise and identified the top priorities including raising funds. This was followed by developing a compelling business model, creating a technology and IP strategy, active engagement in various accelerator programs, pitching to investors and in-general, driving operation discipline.
This work brought strategic focus and led to a significant investment in the company and a partnership with a well-established company. The patent portfolio has been strengthened, along with trademarks, and the technology continues to be advanced with likely commercialization in a year.