Research and Innovation
9. Research, innovation and Extension Support
Research and Development (R&D) and Innovation is the process of developing and commercializing new ideas, implementing new processes or changing the way your business makes money. It can also be viewed as the activities required to keep your business competitive and sustainable for the long term. This includes research, new product/service development, new process development and continuous improvement and new business models. The services of ERMIS Africa has the potential to support institutions, organizations and governments to achieve their objectives through R&D carried out by our seasoned experts.
ERMIS acknowledges that R&D Models These differ, but there are two basic models.
Under both models, R&D intends to yield nearly immediate profit or immediate improvements in operations and involve little uncertainty as to the return on investment.
ERMIS will work with clients to create a structured R&D process to add significant value to their institutions, bolstering valuation and creating a greater value proposition, particularly in advance of exit. By documenting the R&D process, Client Institutions effectively improve ability to capture innovations early on and, where appropriate, secure legal protection. We ensuring that appropriate safeguards are in place – in the form of a trade secrets policy, invention disclosures and/or NDAs.
