Innovation commercialisation is a gamble – you’re attempting something no one’s done before – but risk management reduces the likelihood of losing your shirt, house, or business.
Crossing the Valley of Death is often perilous, but continuing business as usual in a rapidly changing world may be even riskier.
Innovators need to be brave and be prepared. Sources of risk to your venture may include political, economic, social, technological, legal, and environmental forces, as well as deliberate competitor attack and failures or accidents within your organisation.
These may threaten your safety, security, reputation, or financial success. The probability and potential impact of each risk is different and varies over time.
Risk takers need expert risk mitigators
You’ll need an evidence-based plan for proportional, timely, effective, and affordable responses, because even unlikely events occur sometimes.
Our risk experts can help you anticipate and avoid or mitigate pitfalls and setbacks by:
- auditing your risks and evaluating mitigation strategies and tactics
- developing a customised, prioritised risk matrix with clear actions and allocated responsibilities
- monitoring for emerging risks as your project or business evolves
- reviewing and updating risk models to maintain optimal outcomes.
What our clients say
gemaker were generous in sharing their wealth of commercialisation knowledge in the context of the university environment as well as from the perspective of industry. Their depth of experience meant that they could provide flexible and practical solutions with real-world examples.
The gemaker team is great to work with and extremely proactive.
The gemaker team rose to the challenge of analysing the complex market for our products. I appreciated their hands-on, proactive and adaptive approach. They are skilled interviewers and delivered an insightful report with a clear path for the next steps in our commercialisation.
gemaker are truly client focussed. They are keen to provide us with what we need rather than force us to accept what they’ve done before.
I recommend gemaker as a cooperative, collaborative and enthusiastic team who are leaders in their space.
We wouldn’t hesitate in working with the gemaker team again, they have outstanding expertise, the turnaround time was quick and their service is great value for money.
gemaker’s enthusiastic engagement was instrumental in increasing beta-testing clients to over 1000…[This] contribution was invaluable to maintaining the business momentum.
gemaker had a strong attention to detail and a high level of professionalism that gave me comfort that we were in the right hands.