Acceleration, which is a process of preparing for investment, includes three stages. These are: verification, development strategy and preparing for exit. During each of the stages selected elements of a project are subjected to assessment. The amount of time dedicated to acceleration depends on the level to which a project is developed by the originators of the idea. Usually it takes between six and twelve
It is necessary for a team responsible for implementing the project to be involved in the process of acceleration, since it provides information that will be used at further stages of cooperation after signing an investment contract.
This time is devoted to discovering any potential barriers, which could render the cooperation impossible. The following areas are analysed:
1/ legal, formal and financial aspects, i.e. all irregularities which stand in the way
of establishing cooperation,
2/ ways of protecting intellectual property, i.e. regulations related to the originator’s copyright to the project
3/ team skills which are assessed during workshops with an HR specialist; the information obtained during this meeting will allow us to establish whether the project implementation team is complete.
If each of the areas is successfully verified further steps within the acceleration may be taken.
2. Development strategy
It is the stage at which all actions to be taken after signing the investment contract are planned. The actions are categorized into the following three areas:
1/ analysing the market and competitors, refining the Lean Canvas, which means looking at what the client expects and what needs to be done to meet such expectations most fully,
2/ specifying the features of a product and technology, listing tasks that fall within the scope of R&D works, which will enable us to plan operations connected to developing the end product,
3/ identifying goals, perfecting the strategy and business plan the implementation of which will allow the company to develop harmoniously.
The time is also dedicated to shop works during which the detailed schedule for running R&D works is fine-tuned.
3. Preparing for exit
Before the investment contract is signed there is time to plan actions which will be put in place in the final stage of the joint works on the project. These are:
1/ developing financing strategy and exit strategy, as well as analysing profitability, which means planning at which stage and in what way the next rounds of financing, necessary for further development of the project, will be acquired and calculating profits to be made by each of the parties involved in completing the project,
2/ preparing an investment presentation, i.e. collecting and presenting the most important pieces of information about the project in a graphic form.