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Business plan for grant application
The client required a business plan to secure a grant for the development of a prototype for her innovative sanitary product. This aside Business Plan Services was engaged to undertake business planning to explore the size and purchasing habits of the product’s target market, as well as the materials and full costings, that will drive the commercial viability of the venture.
Integral to this process the client needed to explore and evaluate the various routes to market for her product. Although this may be undertaken through a self launch approach, commercialization through a licensing arrangement with an established channel to market, such as Boots or Mothercare, was immediately identified by BPS as being a quicker and easier approach subject to the client safeguarding her interests through securing a worldwide patent.
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