Audit for Innovations

This service involves preparation of a comprehensive analysis of the Client’s business activity, including, in particular, the product portfolio, type of technological processes used, ownership of know-how, patents or other intellectual property rights, and a potential business development strategy. This in-depth analysis is helpful in identifying areas of the highest growth potential, areas that need modernizing with a view to cost reduction and efficiency gains, as well as areas that should be shut down and replaced with other solutions.

Our assistance extends also to identification of the Client’s innovation potential, the competitive environment they operate in, potential patent limitations, and to the so-called innovation benchmarking, which is a comparison of the Client’s development and innovativeness level with that of selected competitors, or comparison of the Client’s products and solutions with products that serve the same purpose or function even if these can be found in a completely different sector. The comparison includes technical systems that have not yet been turned into products but have already been described in patent applications and scientific publications.

The audit is closed with a report which includes:

detailed description of the products (product groups) making up the Client’s product portfolio, including key product functions and characteristics
Product and process evolution forecasts – presentation of product or process evolution trends most likely to affect the Client’s products and processes in the future
comparison of particular products in terms of their designated functions, relative price (as against the competitors’ prices), and potential profit levels
selection of best products for further development, retention of the sales base, increased market share and expansion into new markets
product development recommendations
benchmarking results – detailed description of the Client’s products, processes and technologies as set against the competitors’ solutions with regard to their ‘state of the art’ status.

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