New Venture Support Services
In any new venture, there are skills that take time to build. MTECH specializes in bridging the gap in time between startup and mature team formation, allowing firms to carefully build and organize a team without the intense pressure of instant results.
Most mistakes in a new venture are made at the front end with substantial cost. Sometimes promising ideas die because they are prematurely formed, not well-defined or well-described and not proven. Many new ideas get passed over because the new venture does not have a team in place or the means to get to a realistic conceptual design or prototype. MTECH can take these very promising ideas and give them an honest evaluation without “breaking the bank”.
Typically, all new ventures move ideas through the following key phases: (1) the conceptual design, (2) concept assessment, (3) prototyping, and (4) prototype assessment. MTECH can provide customers with assistance through all these phases. MTECH offers a small team of professionals with a proven track record of bringing ideas from vague concepts to manufacturable prototypes.
1) Conceptual Design
MTECH can work with the venture to form and illustrate the conceptual design. At MTECH, animators and engineers work side by side with expert technical writers to provide a concise and accurate description of the idea for the investment community, potential customers, marketing agents, as well as other scientists and engineers. Beyond graphics, MTECH can work with the venture in developing brochures, technical presentations, engineering drawings, marketing materials, and patents.
2) Concept Assessment
Many ideas already look good and are presented well, but need serious critiquing. Usually this is done using expensive consultants who must be located, evaluated and screened, costing valuable time and introducing additional risk. MTECH has an expert staff and a network of consultants, drawing from the leading universities and research labs in the country.
3) Prototype Development
MTECH can take a concept at any stage and produce a prototype, saving valuable time and reducing the risk of a new venture. Before any serious money is spent or long term commitments are made, the venture can get a good feel as to whether or not the concept has any promise or traction. If things look good, everyone wins. This allows investors to make well-informed decisions without diving in head-first.
4) Prototype Assessment
Prototyping must be done with care. Whether prototypes are built in a garage, basement, or in a well-equipped laboratory, the results could be misleading. MTECH can provide an independent assessment, giving confidence to investors, especially those involved with complex technologies.