Most supplement, skincare and haircare manufacturers require new technologies and formulas in order to operate, maintain their market share and grow. Due to cost and scalability investing into R&D is not prohibited. For a majority of manufacturers, transfer of technology (TOT) via licensing is a key growth strategy. Domestically, TOT accounts for $700 billion of business each year. Each year businesses invest over $600 billion in capital goods and licensing. This highlights that businesses can invest in capital goods i.e. a transfer of technology while managing their balance sheets, taxes, cash flow and growth strategy.
The assets that a business may need to acquire or finance for new product innovation varies. Here are examples relevant to BIOFARV’s technology and value proposition;
Regulatory Compliance: Compliance with existing permits and manufacturing requirements
Human Capital: Engineers and Scientists to R&D new formulas, batching and product testing
Equipment: Procurement of new equipment and compliance
Liabilities: Product liabilities and specifications
COMPANY123 + STEM CELLS
repair + regenerate + revitalize
REVOLUTIONIZING THE SKINCARE + HAIRCARE MARKET
TRANSFER OF TECHNOLOGY (TOT) PROCESS
1. FORMULATE IDEAL & MUTUALLY BENEFITING TOT ROUGH DRAFT: + BASED ON BIOFARV STRATEGY AS AN ADDED VALUE TO COMPANY123 EXISTING COMMERCIAL STRUCTURE & MARKET
2. EXECUTE TOT AGREEMENT & CONDITIONS
3. TOT TRANSFER + INTEGRATION COLLABORATION: PERTURBATION PRODUCT BENCHMARK
4. NEW PRODUCT FINALIZATION – SMART TESTING + BATCHING
5. COORDINATION & SUPPLY OF BATCHING
6. TECHNICAL MARKETING SUPPORT
7. TOT COMPLIANCE & SECURITY
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