Turnkey Innovation

FRPD provides a mix of process engineering, business consulting and information services to provide Turnkey Innovation. Turnkey Innovation develops ideas into designs and design into pilot plants that are ready to scale. We develop strategically to position your process designs favourably in relation to funding strategies and the business model. Adding information management and analytics to the solution which results in robust processes that are easy to operate and manage.

With our impressive stable of niche engineering consultation services, we also include EPCM (risk sharing) and applications to access public funds to mitigate risks. All of these services combine to provide access to plants appropriate for EPC projects with a bigger potential for profit sharing or performance-based remuneration.

FRPD has a base of intellectual property that can be deployed within a larger process engineering milieu. By having several “black boxes” of IP we supply our services to process plants in a modular fashion.

our Turnkey Innovation Process

Download the technology readiness level guide which displays the interactions between Technology Readiness Level, Technology Development, Market Readiness Level, and Sources of Funding.

Technology Readiness Level 1

The basic principle is observed and research is conducted on a desktop scale to determine desirability. This stage is usually self funded.

Technology Readiness Level 2

The technological concept is formulated and research is applied to determine if the accuracy of assumptions made in TRL 1. At this point, the idea should be tested for viability. At this point, it is a good idea to apply for seed funding to finance the construction of the proof of concept.

Technology Readiness Level 3

At TRL 3 an experimental proof of concept developed and constructed while a feasibility study is conducted. This effectively gives access to larger technology development funds because an actual product will be the result of the work.

Technology Readiness Level 4

The proof of concept will now be demonstrated to interested parties effectively validating the innovation in a laboratory environment and opening the way to a bankable feasibility study and subsequent funding and investment opportunities.

Technology Readiness Level 5

Learning from the challenges experienced in the development of the technology to this level allows for a pilot plant to be constructed with improvements to the engineering design. Once the technology reaches this level, the way is open to early stage investment and funding from the small enterprise development agency.

Technology Readiness Level 6

The pilot plant is then demonstrated to interested parties in order to secure the intent of stakeholders in the further development of the plant.

Technology Readiness Level 7

At this point the technology is sufficiently de risked to justify the design and construct a commercial pilot plant. Industrial banks and government departments specialising in development funding like the IDC are good sources of funding at this stage of the technology development.

Technology Readiness Level 8

The commercial pilot is demonstrated in the environment it will be expected to operate in on a commercial scale effectively disruption the status quo.

Technology Readiness Level 9

With the system finally proven and demonstrated in a relevant environment, the commercial pilot can be scaled to production capacity and scaling the disruption to gain marketplace ubiquity.

  • All
  • Business Development
  • Funding
  • Information Services
  • Process Engineering
All
  • All
  • Business Development
  • Funding
  • Information Services
  • Process Engineering
Competitor Analysis

Competitor Analysis

Find out what you’re up against before you invest your time and capital into an idea.

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Market Validation

Market Validation

Make sure your business has achieved product market fit before you commit or ask others to do so.

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Market Research

Market Research

Make informed decisions by researching your markets in detail before you start testing for viability and feasibility.

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Information Services

Information Services

FRPD enhances it’s engineering and business services to adapt to a world with new and exciting possibilities.

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Asset Financing

Asset Financing

Scale up operations faster than ever before with asset financing from public and private sources.

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Technology Funding

Technology Funding

Technology funding is intended to finance the development of a working prototype and associated feasibility studies.

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Technology Readiness Level Guide Download