Technology Assessment Services

Service Description

Through our Technology Assessment services, SOMOS evaluates the potential of new technological products. We assess the product's core value, its validity within a company's target market, and the product's level of priority among competitors. With this assessment our consultants can create a business model to present the full potential and value of the new product for further development within an organization. We help businesses gain knowledge of the relevance, applicability and business potential of a new product or feature, so they can continue with a business strategy according to the product's evaluation.

Example of SOMOS engagements for Technology Assessment Services:

Technology Assessment
International Organization

The organization was working with an international partner to assess the potential of approximately 60 technology patents. They needed to review their IP portfolio in relation to the US and global markets. SOMOS provided analysis in four steps according to the Strategic Planning Process Framework. This included: a core value proposition, market and application analysis, review and prioritization, and a business strategy. Our client received an excellent understanding of their intellectual property value in terms of their business and licensing potential.