• Facebook
  • Instagram
  • YouTube

TRIPLE CHASM TOOLS

Are you looking to understand where you are on the commercialisation journey relative to over 3000 other products / services and decide where deciding where effort should be focussed next?

 

If so then you can find out more and download 2 tools from the Members section: The Commercialisation Canvas and the Navigator.

For the first time, we have systematically explored how more than 3,000 companies have successfully scaled and identified the 12 key factors that matter on the growth journey.

Register today to gain free access to these tools.

Navigator

e37d06_bb83e12dca9b4796bfde408b567f1a56_mv2.webp

Triple Chasm Navigator Tool

What is it?

The Navigator tool offers a quick introduction to the Triple Chasm approach to commercialising science and technology enabled innovation; the first step in applying the systematic and powerful framework to businesses on the commercialisation journey.

If you are an entrepreneur, senior executive or an advisor of a business commercialising a novel science or technology based idea, this is an ideal tool to get an initial view of your existing commercialisation situation relative to the 12 key considerations; providing a starting point to deciding where effort should be focussed next.

How do I use it?

Complete the Company Profile, respond to the Questionnaire then use the results on the Dashboard to get an initial understanding about where your effort should be focussed next.

Using the insights from the Dashboard, complete the Commercialisation Canvas (available for download here) to construct an execution plan that describes the activities you need to perform to take your venture to the next stage, be it winning customers, finding partners, expanding your team or fund raising.

Alternatively get in contact with us to discuss other alternatives such as attending one of the sector specific programmes that we deliver for all stages of the commercialisation journey.

What do I do next?

Register and login to your account. Download a free copy of the Navigator and complete the Profile and Questionnaire sections, reflecting on and responding to the questions in relation to your venture.  If you have a team, getting them to join you in this process can help establish an aligned view of where the business is and what actions need to be taken to move it forward.

Commercialisation canvas

What is it?

The Commercialisation Canvas is a powerful tool to help assess the relative progress of a business in its commercialisation journey and to identify the necessary actions to increase the chances of success.

 

It uses the systematic Triple Chasm Model framework to thoroughly assess the internal and external factors affecting progress, known as vectors, and the interventions needed to cross the next chasm.

If you are an entrepreneur or senior executive or an advisor of a business commercialising a novel science or technology based idea, this canvas is an ideal tool to help you ascertain those areas of your business venture that need further development.

How do I use it?

Use the Commercialisation Canvas to assess your business with the broader context provided by the 12 vectors. Generate useful insights about setting commercialisation priorities and translate them into specific activities as part of your execution plan.

Typically, companies that have used this canvas have:

  • Reappraised their progress along the commercialisation journey in a more nuanced manner

  • Reassessed the challenges ahead and revised the priorities for tackling them

  • Made corrections to their strategy by taking into account the revised priorities and corresponding resource requirements

 

For example, several firms changed their business models because of these insights; others changed their execution plan priorities and funding tactics based on a better understanding of the challenges ahead.

What do I do next?

Register and login to your account. Download a free copy of the Canvas and print off, preferably on A3. Reflect on and respond to the questions listed next to each commercialisation vector with your team, if you have one. From the responses that can be provided (and those that cannot be), identify those vectors that have the most gaps need further work.

Prepare an action plan to address the gaps and further refine your commercialisation strategy.

If you need further support, sign up to our online course or contact us to find out more about the sector specific programmes that we deliver for all stages of the commercialisation journey.

"This data-driven approach provides a powerful new way to formulate and execute dynamic commercial strategies, based on understanding the changing priorities for firms as they grow."

-- Dr Hermann Hauser, Serial Inventor, Entrepreneur, and Investor