Stacy L ChinFounder, KeepYourEquity · I get the government to write you checks

Innovative R&D Plan for Success

19 Sept 2024 · 0 min

Watch on YouTube

0:27

In this instructional segment, Stacy Chin outlines the three essential components of an R&D proposal. First, the company/team section should be a concise 1–2 page overview that lists the company, its founders, and the team members who will execute the R&D effort. Second, the broader impacts section explains the project's motivation and describes the potential societal and customer benefits if the innovation succeeds. Third, the commercialization potential section details the business plan and go‑to‑market strategy, showing how the innovation will be brought to market and generate value.

Now, the company/team section should be about 1 to 2 pages. Here, mention your company along with the founders and its team members that will be involved in this R&D approach. Next up is the broader impacts, and this is where you describe your motivation for this project and then explain how your innovation will make a huge difference in society and for its customers if successful. And last but not least is the commercialization potential, which outlines your business plan and your go-to-market strategy.