Guide

Setting up an innovation start-up

Introduction

Innovation is often integral to the process of starting up a company. Many new businesses develop around an innovative idea, or the decision to bring a fresh business concept to the market.

Some innovative ideas develop spontaneously, but more often, they come out of a carefully planned and managed innovation process.

To bring your ideas to life, you will need a clear business plan, as well as finances to help you develop, test and market your prototypes.

This guide shows you how to create a business plan for innovation start-up and identify available finance options.

It also highlights the significance of intangible assets to innovation, such as patents, trade marks and designs. Finally, this guide explains the different exit strategies for innovation start-ups, including refinancing, acquisitions and initial public offering.