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Success Criteria for Technology Development process (Technology…
Success Criteria for
Technology Development process
Technology
Technical objectives and preliminary estimates of expected impact
Technical gap
Technology Skill base
Technology competence
Technical uncertainty
Availability of resources people and facilities
Technical feasibility
Technology verification
Originality/ uniqueness
Technology Newness level
Technical viability
Technology risk
Organisational capabilities
Technology unknowns/ uncertainty (risk/reward ratio)
Enabling science
Innovativeness assessment (is the technology novel enough?)
Evaluation of the potential to create technological change
Scoping studies on current/ prior research and end user needs
Define performance criteria, end user specification
Technical specifications
Technical objectives
Technical options/ flexibility
Technical performance measures
Technical experience (team composition and skills)
Technology readiness level
Technology impact level
Technology dependence on geography
Intellectual property strategy
Future subsystem performance requirements?
What can help the technology progress? (Enablers / strengths)
What can hinder progress? (Weakneses/ barriers)
Leverage/ Competitive Advantage
Leverage proprietary position
Platform for growth
Durability (technical and marketing)
Differentiation of technology/ process/ product
Unique customer benefits
Compelling value proposition
Technology or business advantage relative to competition
Compare with competing technologies and assess advantage
Sustainability of competitive advantage
Competing technologies, key features of proposed technology
Market knowledge
Technical challenge
Competing technologies, key features of proposed technology
Strategy/ Business
Synergy with corporate units
Research alignment with business need
Research amenability to technology solution
Idea identification that address the business need
Business impact
Strategic alignment with firm (degree to which this happens)
Importance to the firm
Strategic fit (long term/ short term)
Strategic impact
Strategic importance
Strategy fit congruence
Synergy with corporate units
Benefits and scope are consistent with mission and expectations
Strategic priorities
Vision
Opportunity
Reward
Customer relations
Brand image
Learning potential
Future potential
Platform for future growth
Industry/ Market readiness
Productivity Index
Can we make money
Size of reward
Time to commercial startup
Contribution to profitability
Finance
Profitability (NPV, IRR)
Payback period
Margin
Investment requirements
Cost benefit analysis
Funding
Economical feasibility
Financial analysis
Financial return
Contribution to other sales
Commercial/ market success
Market maturity
Competitive intensity
Commercial applications development skills
Commercial assumptions
Market attractiveness
Market size
Market growth
Market potential
Market competitive situation (how tough & Intense)
The market, business customers and potential breadth of application
What are potential market segments and growth trends?
Is market potential of ideas/ leads attractive?
Market durability
Buy or make decisions (procurement)
Marketing synergies
Target market
Value proposition
Customer benefits
Competitive analysis
Environmental factors
Prospective market success
Market segmentation studies, potential for commercialisation, performance results
Existence of a market need
Market maturity (growth rate)
Existence of commercial applications skills in company
Commercial assumptions (predictability)
Legal/ Regulatory
Regulatory and political impact
Social impact
Legal protection
Legislation
Geographic barriers
Confidentiality
Are issues surmountable?
Safety regulation
Health regulation
Potential issues?
Environmental regulation
Regulatory potential
Regulatory development
Understand key legal and regulatory issues
Regulatory incentives
Intellectual property issues
Project management
Skills
Resources
Time plan
Project size
Project risk
Bugdet
Limitations
Leadership
Culture
Fit to manufacturing supply chain
Business or technical showstoppers
Plan to proceed
Work plan and deliverables
Scalability
Dissemination
Concept test
Decision package for next stage
Production capacity requirements
Resource evaluation (e.g. materials, manufacturing)
Licensing issues (patenting, potential IP partners)
Sales plan assessment
Rollout plan (product to leverage technolog
Transition from R&D to operations
Production implementation plan (resource capabilities