Understand
Business ventures: What opportunity, asset or operating requirement exists? Indicative output: Opportunity And Sponsor Brief.
Technology ventures: What problem, research result or intellectual property is involved? Indicative output: Problem And Technology Brief.
Appraise
Business ventures: What demand, operating and commercial evidence is available? Indicative output: Evidence And Assumptions Register.
Technology ventures: What readiness and proof-of-concept evidence exists? Indicative output: Readiness And Evidence Register.
Structure
Business ventures: What business model, responsibilities and workstreams are needed? Indicative output: Development And Responsibility Map.
Technology ventures: What validation work, specialists and commercialisation route are needed? Indicative output: Validation And Commercialisation Map.
Validate
Business ventures: Which feasibility inputs and commercial tests are still missing? Indicative output: Feasibility Inputs And Decision Record.
Technology ventures: Which prototype, test, intellectual-property or approval questions need specialist review? Indicative output: Test Requirements And Decision Record.
Connect
Business ventures: Which operating, strategic or capital contributions suit the opportunity? Indicative output: Partner Requirements And Discussion Brief.
Technology ventures: Which industry, research, validation or capital contributions suit the next stage? Indicative output: Industry And Specialist Collaboration Brief.
Develop And Grow
Business ventures: What is the next agreed implementation, operating or expansion stage? Indicative output: Agreed Development Workstream.
Technology ventures: What is the next agreed pilot, commercialisation or growth stage? Indicative output: Agreed Pilot Or Commercialisation Workstream.