There are numerous challenges to be overcome in the spin-out and growth of young businesses. These include, but are not limited to:
Spin out
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Conflicting objectives - differences in objectives, priorities and motivation between R&D and commercial worlds
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Lack of resources - limited availability of time from key academic staff
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Inadequate business management experience – lack of credible and experienced management resource to lead the venture during the initial phases
- Difficulty determining appropriate route to market – tension between maximising returns and short-term cash flows
Start-up and growth
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Poor technology position
- Inadequate/inappropriate funding
- Immature management processes and systems
- Inadequate supply chain management
- Failure to innovate or adapt to change
Orion Innovations provides practical and targeted advice to help your staff acquire and deploy the key skills needed for commercialisation and growth.
We offer training sessions, workshops, telephone-based advice and other forms of hands-on support that is tailored to the needs of your staff, both in terms of content and delivery.
For examples of our work in this area, see the following case studies:
If you would like to discuss how any of our services might help your business, please do not hesitate to contact us. |