According to the European Investment Bank (EIB), many technologies, when they are ready to scale, enter the "Valley of Death" after investing a considerable amount of money and time, due to the technology risk involved and the long development timelines.
Our Technology Review provides;
Our technology review starts with an initial in-house due diligence review of documented evidence of the process. The review, which is at no cost, is to determine the possibility of reaching successful commercialisation supported by the provision of guarantees through our Debt Protection Insurance (DPI®). Which, when commercially deployed available to the project developer, subject to the due diligence required under the Debt Review Platform.
The review is to understand the current status of your process, history, due diligence, third party reviews and testing regimes, proposed manufacturing approach- achievable quality and productivity, the fabrication of all components, and ensuring that the various elements are built to comply with industry best practice, both in terms of materials and manufacture. Any gaps or areas of concern identified are ranked for further discussion.
Based on the completeness of the data and information provided (in English) we issue a report that summarises the acceptability of the technology which could include a Statement of Suitability for Project Guarantees when the technology is commercially deployed, which is provided by your broker, after review and acceptance.
Your review will have an identification number which is specific to the process on which the due diligence was carried out. The accreditation would not cover any variations to the original process, and the due diligence and additional due diligence would be required.