15/12/2016

Business Plan Development Fund

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Dialogic is developing the Business Plan for the Development Fund on behalf of the Brabant Development Agency (BOM). Previous ideas about that fund had already been included in a start-up plan that was developed in parallel with BOM's multi-year strategy (this process was also guided by Dialogic). The Development Fund supports consortia of (SME) companies that are collaborating to develop an innovative product or service. In an early stage of the innovation process (the consortium partners do not yet need to have formalized into an entity and the product does not need to be market-ready), consortia are formed, further guided, and financially supported to develop and market their product/service. The fund has a revolving nature, as the contributions from the Development Fund (in terms of manpower for guidance and financial investment) are converted into a share in the consortium. In case of later market success, profits flow back to the fund. The Business Plan elaborates further on the idea of the Development Fund. This plan includes financial analysis and an implementation plan, among other aspects.