RespiceSME Value Chain Analysis
The RespiceSME Value Chain Analysis is focused on the development/ strategic positioning of an early stage Photonics product concept. The Value Chain Analysis tool is based on three key concepts for product and company assessment: Stakeholder Mapping, Technology Readiness Levels (TRLs), and Innovation Potential Assessment. The tool focuses on a new Product or Service and is of particular benefit for those that are targeting a new market. The method involves defining and scoring key factors crucial for success at a very early stage while aligning systematic elements essential for growth. Numerical values are assigned to important properties, and scores are compiled to indicate where a company should consider targeting their efforts.