PantherlabWorks Services
PantherlabWorks consulting services add value through a three-stage process whereby we will assess, advise and connect.
Assess
An important first step is taking inventory of the necessary ingredients for commercializing a technology. Together, we will review the current status of the following:
- Product : Do you have proof-of-concept for your technology? What is your intellectual property position?
- Market - Who will be your customers? Who else offers a product or service that serves a similar purpose? How are you different from potential competitors?
- Team - Who are the key team members and what are their areas of expertise? What connections do you have in the industries you hope to enter?
Areas requiring additional research and resources are then determined and specific action steps are prioritized in a letter of engagement.
Advise
Utilizing a collaborative, team-based approach, the work plan outlined in the letter of engagement is implemented. PantherlabWorks undertakes and completes specific components of the work plan, while providing guidance and direction for you in completing specified areas.
- Product - Determine the usability and effectiveness of the technology and develop the intellectual property position.
- Market - Validate the market for the product or service, analyze potential competitors and assess trends and resources in relevant industries.
- Team - Take an inventory of available skills, identify skill gaps, and develop the breadth and depth of the innovator's network in Western Pennsylvania and beyond to support commercialization of the technology.
- Business plan and pitch - Work with you to refine the business plan and pitch to create a clear, compelling vision of the technology, completing additional research as required to strengthen value-proposition of technology.
- Business structure - Review the legal structure of any existing business and advise on the process of establishing a company.
Connect
PantherlabWorks will help you connect with people who can offer the skills, opportunities and resources you seek - almost like an entrepreneurial dating network. We suggest not only those with whom a relationship may prove advantageous, but coach on 'how to' approach and foster those relationships. Armed with the output of the 'assess' and 'advise' stages of the consulting process, including a business plan as a communication tool, clients are connected with:
- Potential partners, including researchers and mentors.
- Potential funding sources.
- Potential customers.
Our robust team of professionals provide value-added consulting services at no charge throughout the process, thanks to the generosity of local foundations dedicated to advancing economic development in Western Pennsylvania .