Lab2Mkt – now fill the gap between innovation and business plan

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In our earlier post , we introduced about the ‘venture center‘.The Lab2Mkt program is the flagship program of the venture center.For more details you can click here , or mail to the venturecenter.

The Lab2Mkt program is Venture Center’s flagship early-stage technology commercialization program. Structured as a three-stage process, the Lab2Mkt program aims to fill the gap between a technology invention/innovation and a full-fledged business plan backed by a successful proof-of-concept.

Stage 1:

Technology & IP due diligence
Market research
Risk identification, Proof-of-concept plan
Preliminary commercialization strategy / business model
Stage 2:

Raising seed funds, Incorporation
Execute proof-of-concept plan
Detailed market due diligence
Engagement with Beta customers
Stage 3:

Detailed business plan
Identify executive & operational team
Raise Series A financing
Venture Center will work with various partners throughout the Lab2Mkt program such as angels, venture capitalists, technology domain experts, IP creation & licensing professionals, government funding agencies, corporations, etc.

At each stage in the program, Venture Center seeks to identify and reduce as many risks – technology, market, team, etc. – as possible. In exchange for taking on these business risks, Venture Center will hold an appropriate equity stake in the spin-off incorporated during the Lab2Mkt program.

For details on applying for Lab2Mkt program, please contact at Email: lab2mkt@venturecenter.co.in

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Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

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