Translational Development is the stage at which multidisciplinary teams are formed to reduce to practice a solution that best solves a critical unmet market need. Academic commercial translation occurs at the interface of business and science. sciVelo strives to steer business and science personnel and resources towards the interface to which commercial translation has the highest opportunity for success.
Our Commercial Translators add value by embedding teams of scientists and business experts within the Translational Development process. We have experience across all components of Translational Development and have access to resources within the University that are critical for accelerating Commercial Translation. Once a solution becomes market ready, sciVelo works with other University offices, such as the Innovation Institute, to propel it to market.
Key components of Translational Development by Discipline
Business
- Problem Statement
- Customer Discovery
- Competitive Analysis
- IP Landscape Assessment
- Regulatory Assessment
- Reimbursement Assessment
- Business Model Development
Science
- Experimental Design
- Data Interpretation
- IP Strategy
- Commercial Translation Critical Path
- Reduction to Practice
