Academic research projects that require commercial support rely on PIPE to validate and develop the proposition for market.
The PIPE process is designed to identify STEM based projects within the university and move them through a defined ‘Lab to IPO’ process.
The STEaM PIPE process or ‘pathway’ within the university drives awareness of the commercial process to support R&D and IP commercialisation.
PIPE has developed this approach and have broken the process down into four distinct phases with more than 100 separate success indicators and measures. This allows the university to engage the methodology either in part and phase by phase or as a wholly outsourced and turn key solution – see below:
Phase 1 – ‘Getting to know you’ – Visibility and Viability, Objectives, Opportunities and Market or (VaVOOM) – this is when we identify and prioritise opportunities.
Phase 2 – ‘Development’ – of the Vision, Mission, Objective, Strategy, Tactics or (VMOST) – this is where we form the validation and value proposition alongside the market viability for any proposition and engage our associate network.
Phase 3 – ‘Defining’ – Goals, Objectives, Strategy, Plans, Actions or (GOSPA) – this is where the business plan, financial plan, team structure and investment requirement are defined and documented with the associate taking the business lead supported by a growing start up team.
Phase 4 – ‘Financing’ – Pitching, Interviewing, Negotiating, Closing & agreeing future Handholding needs or (PINCH). The investment pitch is made to the PIPE Fund Investment Committee and supported by co-investor partners.
Commercialisation of R&D/IP is the goal of the PIPE process with the ongoing financial support from seed to IPO funding managed via the PIPE. Funding will be provided for projects that meet the DD criteria and KPI’s from €150,000 through to €2m and beyond.
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