our process
The Innovate Arkansas team works closely with their clients to help them through the steps involved in taking their businesses from idea to market. Below is a detailed look at that process.
Stage 1: Investigation
Product Assessment
- Define concept
- Confirm critical assumptions
- Survey uniqueness
- Evaluate applicability
- Technology assessment
- ID Focus of R&D plan
- List proprietary assets or patents
Market Assessment
- Conduct market overview
- ID pricing structure
- ID market barriers
- ID risks to entry
- ID distribution channels
- ID trends & competitors
Business Assessment
- Develop revenue assumptions
- ID management needs
- ID capital needs
- Write 10-page business plan
