Business Angel
Business Angel is a category of investor. A business angel is an individual who decides to invest his patrimony on high potential start-ups that offer innovative solutions. Very often, business angels also offer technical support, orientation, and connections to the founders. Business angels are experts in the field, already retired or executive managers, of the start-up and get involved not only at a financial level but also through their expertise. They intervention starts at the very beginning of the company’s life and can last up to five years. The relationship developed between a business angel and an entrepreneur is based on trust.
Communication
In projects it refers to strategies and methods used to effectively communicate project goals, outcomes, and progress to relevant stakeholders such as project partners, funders, policymakers, and the general public. Communication activities are important components of projects, as they help to build awareness, engagement, and support for the project. Effective communication can help to ensure that project goals are understood, resources are used efficiently, and outcomes are achieved.
Dissemination
Dissemination in EU projects refers to the activities of making research results available to stakeholders, including peer researchers, policymakers, potential users, and industry. Most of the time, these activities include organising events to present your results to your peers, writing scientific articles, taking part in conferences within your field or preparing a public report. This type of outreach is, by its nature, more technical and goes into more detail. Dissemination plays an increasingly important role in EU-funded projects, as it ensures that knew knowledge will be used to generate impact.
Deep Technology
Dissemination in EU projects refers to the activities of making research results available to stakeholders, including peer researchers, policymakers, potential users, and industry. Most of the time, these activities include organising events to present your results to your peers, writing scientific articles, taking part in conferences within your field or preparing a public report. This type of outreach is, by its nature, more technical and goes into more detail. Dissemination plays an increasingly important role in EU-funded projects, as it ensures that knew knowledge will be used to generate impact.
Feasibility Studies
Feasibility studies are conducted to determine the viability of a proposed project or venture. These studies assess whether a project is technically feasible, financially viable, and environmentally and socially responsible. The aim of a feasibility study is to identify potential problems and risks associated with a project and determine whether the benefits of the project outweigh the costs. A feasibility study may involve conducting market research, analyzing technical requirements, evaluating potential sites, and assessing environmental and social impacts. The results are used to determine whether a project should be pursued or abandoned.
Key Exploitable Results (KER)
A key exploitable result is the output or finding that has the potential to be monetized, patented, licensed, or transferred to industry partners for further development to enable outcomes and generate benefits (economic, societal, etc.).
Identifying KERs early in your research can help you to focus your efforts, attract funding and support from industry partners, and increase the impact of your research on society.
Knowledge Valorisation
Knowledge valorisation refers to the process of converting knowledge into economic or social value. It involves identifying intellectual property and commercial opportunities that emerge from research activities, and then translating these opportunities into tangible outcomes such as products, services, or new businesses. The aim of knowledge valorisation is to maximize the impact of research and innovation by ensuring that the results are effectively disseminated and applied to create value for society. It is essential for ensuring that research and innovation contribute to economic growth and social progress.
Lean Approach
The Lean Approach is a management philosophy that emphasizes the elimination of waste and the continuous improvement of processes to increase efficiency and value creation. The Lean Approach aims to minimize non-value-added activities such as overproduction, waiting, defects, etc. It does so by focusing on the needs and preferences of customers, empowering employees, and promoting a culture of collaboration, experimentation, and learning. By adopting it, organizations can achieve various benefits such as improved customer satisfaction, reduced costs, increased revenue, enhanced employee engagement, and better alignment with strategic goals.
Research Exploitation
Research exploitation refers to the process of utilizing the results of research for commercial. It involves taking the knowledge, technologies, or innovations generated by research and turning them into products, services, or processes that can be used by businesses or individuals to create value. It can take many forms, including licensing agreements, spin-off companies, or partnerships with established businesses. The process requires a combination of scientific and entrepreneurial skills to identify market opportunities, develop business plans, and secure funding to bring new products and services to market.
Technology Readiness Level (TRL)
The Technology Readiness Level (TRL) is a method to asset the level of maturity achieved by a technology. In 2010, the European Commission recommended that research and innovation projects funded by the EU should utilize the TRL scale. As a technology advances from level 1 to level 9 on the scale, it matures and becomes more suitable for use in real-world applications. Technology readiness levels are utilized mainly to aid management in deciding how to proceed with technology development and transitioning.