Opening opportunity to anyone, anywhere

Innovation is about breaking new ground and forging new pathways to confront societal issues and solve problems. Many startup companies, especially in the biotech industries, are working towards finding solutions to some of these most complex problems.All solutions start as mere ideas, and many of these new ideas don’t make it through the robust processes of development, testing, and validation that startups have to face.That is where the applied research model comes in. The Partnership for Economic Innovation has embraced this model to help biotech entrepreneurs in Arizona more quickly identify solutions to address challenges, and then bring these solutions to market. The WearTech Applied Research Center follows a specific formula in order to transform new ideas into functioning products.

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Here is how the applied research model works to help biotech startups succeed:

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Identifying the right market for commercialization

Accessing the correct market for your product is a pivotal part of placing your startup in a position to thrive. According to research conducted by CB Insights, 35% of all startups fail because there is no existing market for their product. Critical analysis of the market’s demand, size, economic trends, location, saturation, and pricing information in relation to your product will determine which market is suitable for your product.

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Identifying the right market for commercialization

Accessing the correct market for your product is a pivotal part of placing your startup in a position to thrive. According to research conducted by CB Insights, 35% of all startups fail because there is no existing market for their product. Critical analysis of the market’s demand, size, economic trends, location, saturation, and pricing information in relation to your product will determine which market is suitable for your product.

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• Accessing the correct market for your produc
• Accessing the correct market for your produc
• Accessing the correct market for your produc

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