Product Regulatory – The Critical Missing Piece of the Venture Capital Process

Over the endure two decades, CertifiGroup has been acceptable designers and manufacturers with “UL” certifications and “CE Marking” projects. If a artist has the actual artefact Standard in the beginning, and either has the specialized artefact assurance ability or works with some one who does, again they may be able to accurately present their business and articles for investments.

Unfortunately, abounding times artefact authoritative is an afterthought, and this missing area is not articular until too late, if promises accept been fabricated and schedules and budgets accept been set.

In the Venture Presentation footfall for accepting VC, the anticipation will ambition to be able to allocution about authoritative aspects of their product, and be able to affirmation acceptance or alertness for certification. They will be able to accomplish statements like “Our artefact is already UL certified” or “We are alive with a artefact assurance testing lab to assure there will be no delays due to authoritative abortion or re-design and re-tooling”. This will do two things: It will advance they accept a able-bodied anticipation out and across-the-board access and; the Venture Capital close can use this as advice for anticipation added competitors compared to the anticipation – whoever has the ability and alertness will appear out advanced and not end up missing milestones.

For the Due Diligence Assessment steps, this missing area can affect bazaar positioning, beheading capabilities, attainability of projections and banknote breeze forecast. An abreast architect will already apperceive about their competitor’s products, and whether or not they accept auspiciously completed artefact testing and certification. Without this important information, the abeyant adversary will already accept a abundant advantage. The Venture Capital close will be allurement several questions: Does the clue almanac of the administration aggregation appearance their identification and resolution of these bazaar roadblocks?; Will they accept to adeptness to bear the artefact on time and at the agreed price?; Do they accept the aggressive advantage of a third affair assurance certified artefact and how this can affect business and administration plans?; How does the abridgement of artefact acceptance appulse accessible acknowledged consequences?

Will the absolute investment be at stake? What are the next steps?
• “Compliance Checkup”. Get the artist to accommodated with a artefact assurance expert, even if alone for a basic “fact finding” project. These are almost bargain and simple to agenda and adapt for.
•Product Safety Budget. Make abiding there a account for artefact assurance certification, including estimated costs for re-design and (In some cases) re-tooling.
•Product Safety Milestones. Know the time it will crop to administer the authoritative process, including the aberration amid accepting technically able or unprepared.
•Venture Capital Due Diligence. Let a artefact assurance able abetment to aegis the investment money.

Contact Certifigroup for added information. A bound amount of designers and manufacturers will be acceptable for no-cost engineering time at the Cary NC facility. 800-422-1651, CertifiGroup.com.