Venture Partnering
The UK has an enviable reputation around the world for the quality and daring of its innovations. Unfortunately, it is also widely known that many of the best ideas never make it to the market due to a lack of funding and, more critically, shortfalls in the professional engineering and business expertise needed to succeed.
This
is where TecExec Venture Partnering can help. By assessing each
business opportunity on its own merits and putting together a package of
the appropriate activities and functions, TecExec can provide
the bridge to full commercialisation.
Partly because of the high local demand within the UK and
partly because of the need to work very closely with the
respective business originators, TecExec Venture Partnering has thus far
dealt mainly with partners having at least a presence in the UK.
This situation is evolving, however, as the international nature of its
commercial programmes spreads its network of relationships.
Enquiries are now being welcomed from around the globe.
Depending on the type of business and the
potential of the idea, TecExec is often prepared to work on the basis of
an equity share (a
percentage of the business) rather than immediate monetary payment. This minimises demands
on cash at the time when the new business can least afford it. It also ensures
that TecExec shares in at least some of the risks involved.
Examples illustrating the wide range of services that we have provided to
various businesses include:
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Business planning
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Market research and planning
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Patent application support
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Engineering design
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Project management
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Risk assessment
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Venture capital search
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Non-executive directorship
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Administration support, company formations etc.
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Book-keeping
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Website design
-
etc...
We
know what it means to build a technology business from an innovative idea
- as engineers, we have done it ourselves. We have been fortunate in
that we have done it as a team but even then, it is still hard to cope
with the vast range of issues involved and to keep on top of it all.
Many people who have a great business idea think that obtaining finance is
the only barrier to success. It doesn't take them long to find out
there is much more to it than that and that there are many pitfalls along
the way!
We see Venture Partnering as a way to help people like us bring new ideas
to market. In return for our help and support, we often look for a
stake in the business. This increases our commitment, involvement
and risk sharing on a practical level. It also allows us to share
the success!
Peter Brown
(Director)
Venture Partnering
Business Consulting Technology
Consulting
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TecExec Limited, England. All rights reserved.