Speed to Success: Cost-Effective Concepts and Demonstrators for Budget Approval
![fast-demonstrator-1260x600](https://blog.hseag.com/hs-fs/hubfs/Blog/fast-demonstrator-1260x600.jpg?length=1400&name=fast-demonstrator-1260x600.jpg)
Posted by:
Michael Collasius
Published on:
Jul 19, 2024
Securing the necessary financial resources can be a significant challenge. A working demonstrator or functional model is highly persuasive to decision makers as it significantly reduces project risk.
As a development service provider with over 30 years of experience and unique expertise in molecular diagnostics, protein and cell analysis, we can help you realise initial concepts and functional demonstrators quickly and with minimal investment.
1. Convincing Decision Makers Needs Trust
Decision-makers must be convinced that the project is not only feasible but also financially viable. Key challenges include:
- Comprehensive Project Planning: Detailed timelines and resource estimates are essential to demonstrate the project's feasibility.
- Cost-Benefit Analyses: Presenting the financial value and long-term benefits to justify the investment.
- Risk Management: Identifying and mitigating project and technological risks to reassure stakeholders.
2. Trust Requires Understanding
Extensive experience in building complex life science tools and analytical diagnostic platforms, particularly in molecular diagnostics, protein, and cell analysis, allows us to develop concepts and demonstrators swiftly and cost-effectively.
Our expertise spans sample handling, sample preparation, sample modification, labeling, liquid handling, fluorescence analysis, high-resolution optics, and mass spectrometry. These capabilities enable you to make informed decisions early and advance your projects efficiently. Choose us as your partner and benefit from proven methodologies and deep understanding of these specialized areas.
3. Approach: From Idea to Demonstrator
Together with you, we analyse and create the requirements for your system. We then develop initial concepts and create a functional demonstrator within a few weeks. This process ensures that your ideas are implemented quickly and efficiently, serving as a compelling tool to convince decision-makers of your project's feasibility and value.
Our approach includes:
- Thorough Consultation: Understanding your project goals and requirements.
- Concept Development: Crafting initial products concepts including project plan with timelines and resource allocations.
- Rapid Prototyping: Developing a functional demonstrator to showcase the feasibility and potential of your idea.
4. Understanding Needs Excellent Information
Rapidly providing demonstrators allows you to gather early feedback from stakeholders and end-users, leading to more informed decisions and targeted development. A functional demonstrator significantly enhances your chances of securing budget approval and attracting investments by offering a convincing, fact-based plan with minimized risks.
This includes:
- Alignment to a concept: A convincing concept aligns the various stakeholders towards one goal.
- Demonstrating Feasibility: A working prototype shows that your idea is practical and achievable.
- Highlighting Value: Clearly illustrating the potential financial and operational benefits.
- Reducing Perceived Risk: Providing a tangible example mitigates concerns about project risks
5. Success Stories
Several life science tool and diagnostic firms have already benefited from our abilities. For instance, a leading diagnostics company presented a functional demonstrator within just six weeks with our support.
This swift development was instrumental in securing critical investments and advancing the project rapidly, helping them make sound investment decisions.
Conclusion
The rapid and cost-effective development of demonstrators can make a decisive difference in the success of your project and the approval of your budget.
With over 30 years of experience and unique expertise in biological-medical applications, we help you bring your ideas to life quickly and efficiently.
Connect with us
Learn more about our rapid and cost-effective development processes.
Contact us for a non-binding consultation and see how we can turn your ideas into reality in the shortest time, helping you secure the necessary budget approval.
Touch Base with us
Related Posts
![7 Smart Ways to Prevent Diagnostics System Development Projects from Failing](https://blog.hseag.com/hubfs/Media/Imported_Blog_Media/stock-konzept-Diagnostic-1.jpg)
7 Smart Ways to Prevent Diagnostics System Development Projects from Failing
Diagnostic system development projects can be more prone to failure than you would think. Despite the eye-watering amounts of time and money that flow into these ...
Technology Hub25/06/2019
![Unlocking Innovation: How to Champion New Products in Global Corporations](https://blog.hseag.com/hubfs/teaser-image.png)
Unlocking Innovation: How to Champion New Products in Global Corporations
In the vast expanse of a large global corporation, proposing and executing a new product idea is no small feat. The process is fraught with challenges, from securing the ...
Technology Hub12/05/2024
![How Successful Outsourcing Will Transform Your Life Science Business](https://blog.hseag.com/hubfs/Media/Imported_Blog_Media/159856_07_HSE_Geschaeftsbericht_20173117_WEB_DL-2-1.jpeg)
How Successful Outsourcing Will Transform Your Life Science Business
Without partnerships I would have hardly ever had success — but I had to learn that from experience.
Technology Hub02/05/2019