• Building Enterprise supports the view that the uk could make more of the nation’s talent for invention so as to sustain a prosperous society and a vigorous industrial base. Building Enterprise (BE) is a company created by Trevor Baylis Brands plc based on their experience with dealing with over six thousand inventors and entrepreneurs and launching a number of start-up companies.
  • By far the biggest difficulty is raising the working capital to move from the stage of a fully qualified business idea to a revenue generating business as this is the most risky step in business development. BE believes that investment could be made with greater confidence if there were standard ways of calibrating the chances of business success.
  • Many support organisations have succumbed to the temptation of supporting weak ideas in order to avoid the need for the support organisation being called into question. This means that any available funds in the form of grants or loans are being spread too thinly to be of real use. Ideally the available funds should be applied to the 1% of the ideas that are likely to be successful rather than spread across the many that clamour for support. The challenge is of course to identify the potentially successful candidates.
  • The problem can be simplified considerably by providing a clear set of standards for each stage in the business development process and funding accordingly to get the maximum benefit from the available funds. It also has the added potential benefit of encouraging private investment at an earlier stage by delivering a steady stream of viable ideas that have a certified pedigree.The process and its supporting standards should deliver exploitable inventions and ventures to the UK economy, but no magic formula ensures successful exploitation. Instead, success calls for a series of measures, ranging from the make-up of the sponsoring organisations, through relations with third parties and the development of best practice to the possible eventual use of new data sources.
Building Enterprise Through Innovation