Over the course of 2012 and 2013, the Innovation and Commercialization Assistance Program (ICAP) worked with small businesses in Virginia that had a
technology or innovation and that needed assistance to take it to market. We were assisted by SHINE Systems & Technology of Charlottesville.
Once a client was accepted into the program, the first step was to thoroughly assess the technology or innovation, using SHINE’s proprietary assessment tool, PATES. The resulting assessment, called the Client Market Assessment (CMA), included a SWOT analysis, a summary, an overall grade, and recommended next steps. Companies receiving grades of B or higher were moved to the next stage, which included a Roadmap describing recommended people and companies to talk to that had very specific expertise for the particular technology or innovation in question. Between the subject matter experts and the SBDC counselors, the small businesses were able to move forward with the commercialization of their innovations.