Verification

In the third stage, different practical solutions will be used to verify the functionality of the innovation as a commercial product or service.

Financial planning

What is done – Create a budget plan and calculate financing needs, cash flow forecasts and calculations, investment calculations, profitability, pricing

Output – Proposed budget, financing needs, cash flow forecasts or calculations, investment calculations or pricing by per agreement

Duration – 8-16 weeks – course

During this work phase, an assessment of the financial performance of the company and innovation is carried out. The assessment is done to support the company’s goals and functions. During the work phase, the budget and the strategy are planned in line with the necessary funding and a plan for its procurement.

This work phase and tools are implemented by student groups together with the help of their supervisor

Financial planning

What is done – Create a budget plan and calculate financing needs, cash flow forecasts and calculations, investment calculations, profitability, pricing

Output – Proposed budget, financing needs, cash flow forecasts or calculations, investment calculations or pricing by per agreement

Duration – 8-16 weeks – course

During this work phase, an assessment of the financial performance of the company and innovation is carried out. The assessment is done to support the company’s goals and functions. During the work phase, the budget and the strategy are planned in line with the necessary funding and a plan for its procurement.

This work phase and tools are implemented by student groups together with the help of their supervisor

Innoboost helps to develop commercial products or services out of innovations. Innoboost service consists of four steps and you can use as many services as you like.