INNOVATION AUDITS

Unleash Your R&D Potential With an Innovation Audit

Researcher wearing an XR headset
THERE'S NEVER BEEN A BETTER TIME

Transform research into revenue with a strategic innovation audit.

Uncover hidden opportunities, optimize processes, and accelerate the pace of both core research and commercialization returns.

Why would we need an innovation audit?

Performance
Concerns

  • Few patents filed or licenses issued.

  • Few tech transfer (SBIR / STTR) grants received.

  • Diminishing overall revenue from licenses or royalties.

  • Difficulty attracting top research talent or funding research teams.

Shifting
Strategy

  • New leadership looking to understand the current state of affairs.

  • Changing funding landscape or increases in R&D expenses (Who moved my cheese?).

  • Competitor analysis suggests peer organizations are eating your lunch.

  • New or expanded focus areas, schools, or departments.

Internal or External
Feedback

  • Complaints about lack of support or resources for R&D or commercialization.

  • Complaints from corporate or institutional commercialization partners..

  • Gap in Phase II SBIR/STTR funding due to missed deadlines.

  • Concerns voiced by stakeholders including alumni, donors, or legislators.
BENEFITS OF AN INNOVATION AUDIT

An Innovation Audit is a deep dive into your team's ability to identify and act on opportunities.

A comprehensive assessment and actionable recommendations will provide benefits to your institution, department, or organization immediately and for years to come.

Uncover Hidden Opportunities

Find research projects with commercial potential.

Optimize Processes

Streamline your tech transfer workflows and decision-making.

Improve Researcher Engagement

Foster a culture of innovation and entrepreneurship.

Attract Funding

Identify potential funding sources and partnerships.

Maximize ROI

Ensure your research investments generate the greatest possible impact.

HOW IT WORKS

What happens during an innovation audit?

The process outlined here shows a common pathway, but the full scope of an innovation audit varies based on your organization, current state, needs, and goals. 

 

  • Consultation

    + Review overarching goals

    + Define scope

    + Identify key stakeholders

  • Data Gathering

    + In-depth interviews

    + Documentation

    + IP portfolio 

    + Current R&D activity and funding 

    + Process mapping

  • Analysis

    + Common interview themes and pain points

    + Benchmark data of competitors / similar institutions

    + Current processes for critical activities including ideation, funding, IP protection, and licensing.

  • Report Compilation

    + Actionable recommendations

    + Strengths, weaknesses, opportunities, and threats

    + Identification of high-potential research projects

  • Presentation of Findings

    + High-level findings presented in person or virtually

    + Cost & expected impact of recommended actions

    + Full detailed report for reference

Why choose Brain Spice?

We hope you're convinced of the value of an innovation audit for your organization, even if you don't hire our team.

If you're on the fence, check out these four reasons our clients choose us over the competition:

We're a small, woman-owned business dedicated to improving outcomes for all. When you hire Brain Spice, you're putting food on the table for a family.

Read more about us.

We've developed proprietary tools and techniques that deliver maximum impact - which means our customers get to dedicate more time and money to implementing solutions and spend less time stuck in place.

Read feedback from our clients.

We don't just do innovation audits - creating innovative products is actually the core of our business. We regularly help research institutions conceptualize, design, and build technology that can change the world.

Check out our product development services.

We have over 15 years of experience analyzing and improving workflow processes in a wide variety of industries.

Read more about us.

NOW YOU KNOW WHY

You need an Innovation Audit