Step 1. Market Background
What are the company's aims in terms of products and markets and how is it intending to get there?
Step 2. Technical Assessment
The company reviews its existing technologies and capabilities and decides if it needs new technology.
Step 3. Specification
The company decides on what type of technology, product or process it wishes to acquire.
Step 4. Search
The company initiates a search process which may be done on its behalf by Enterprise Ireland through TechSearch. The most promising projects which meet the company's needs are then selected.
Step 5. Evaluation/Due Diligence
Selected projects are evaluated and a negotiating position is developed.
Step 6. Negotiation/Contract
The contract is negotiated and signed.
Step 7. Implementation The technology is transferred.