Technological Due Diligence for an innovative company in the agricultural world
Sito Web: www.hortobot.com
To evaluate the level of innovation and replicability of the technologies developed by the customer company on the market.
To identify competitors and evaluate the positioning of the company in relation to existing solutions.
To obtain technical documentation aimed at supporting the financing of the research activity during the investor research phases
Technological Due Diligence
The technological due diligence activity aimed at defining the uniqueness of Hortobot’s solution in relation to the others already on the market, was structured in the following phases:
The research was based on the use of specialized databases in the scientific, commercial and patent fields, including Scopus, Orbis Bureau Van Dijk or Derwent Innovation.
This information was completed and deepened by collecting unstructured information available online, in trade magazines, and from other useful sources to evaluate the competitive scenario of the sectors in which the company operates.
The analysis of the results was refined in several steps according to the customer needs.
The Technological Due Diligence activity represents a valid tool for startups and innovative companies to measure the actual level of innovation of a solution.
Hortobot used this CRIT’s service to evaluate the potential novelty of its technology in relation to the ones already in the market. Overall aim was to better understanding its positioning on the market and to acquire a tool developed by an independent body to measure the level of innovation of its solution in front of financing institutions
The activity was structured in the following phases:
The methodology developed, as well as all the technical information collected and the suppliers identified, were then made available to Hortobot to allow the company to reuse the tools developed for future analyses.
The activity included several reporting meetings with the customer company; all the collected information has been made available to the customer in a format and with a structure defined on the specific needs and interests of the company.