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CheckeachquestiontowhichtheanswerisYESIhavetheabilitytodevotefulltimeefforttomyentrepreneurialopportunity.Iamconfidentinsecuringalltheresourcesrequiredtomakemyventureasuccess.Iammotivatedtomakemoney.Iamwillingtosacrificesignificantcurrentincomeinanticipationoffuturerewards.Iamcomfortableindoingagoodjobevenifothersarenotawareofmyaccomplishments.Myfamilyisagreeabletomyentrepreneurialgoals.Ihavenodebtsorfinancialobligationsmotivatingmydecisiontopursueabusiness.Ihavenolegalbusinessorfamilycomplicationsaffectingmyentrepreneurialobjectives.Ihavenodeadlinesorschedulesaffectingmyentrepreneurialmotivation.Ihaveotherviablecareeroptionsavailablebeyondstartingmyownbusiness.Venturedevelopmentisauniqueprocessthatisreinventedwitheachnewstartup.TheVentureReadinessSurveyenablestheentrepreneurtoaddordertowhatisotherwiseachaoticprocessdrivenbyunanticipatedcircumstancesresourceshortagesandunexpecteddelays.AtanygiventimeintheprocessitisconstructivetoknowWhereisthebusinessintheventurecreationprocessWhatistherightsequenceofstepsincommercializingtechnologyWhatarethekeyquestionsdeliverablesandresourcesassociatedwitheachstepofthecommercializationprocessHowwouldaninvestorclassifytheventuresstageofdevelopmentTheVentureReadinessSurveyisaself-assessmenttooltoanalyzetheprogressanentrepreneurhasmadeinthecommercializationorbusinessdevelopmentprocess.OriginallydevelopedtotransfertechnologiesfromNASAandfederallaboratoriesthisandtheaccompanyingtoolsarewidelyusedbystateandlocalorganizationsfocusedontechnology-basedeconomicdevelopmentandnewandexistingcompaniesincommercializingtechnology.TheVentureReadinessSurveyisbaseduponacommercializationmodelusednationallyandinternationallytoassistthousandsofnewstartupandexistingcompaniescommercializingnewproducts.ThesurveygeneratesanoverallVentureReadinessLevelVRLconsistingoftheTechnicalReadinessLevelTRLMarketReadinessLevelMRLandBusinessReadinessLevelBRLofthecommercializationprocess.TheVentureReadinessLevelwillassistentrepreneursandexistingcompaniesindevelopingtheircommercializationstrategies.TheVentureReadinessSurvey1identifiestheentrepreneursprogressinthecommercializationprocess2assistsindevelopingago-forwardcommercializationstrategy3identifiesappropriatesourcesoffinancialcapitaland4providessourcesofbusinessresources.TheVentureReadinessSurveytoolconsistsofatechnicalmarketingandbusinesssurveyassociatedwitheachstep.WhentakenonlinethesurveygeneratesscoresfortheTechnicalReadinessLevelMarketReadinessLevelBusinessReadinessLevelandoverallVentureReadinessLevelVRL.ThefollowingVentureReadinessLevelscorrespondwiththefollowinginvestorstagesVRL0.0-1.0concept-stageconceptualmodelVRL1.0-2.0pre-seedstageworkingmodelVRL2.0-3.0seed-stagenoproductnorevenueengineeredprototypeVRL3.0-4.0earlystageorA-roundproductnorevenuepre-productionprototypeorinitialproductionVRL4.0-5.0mid-stageorB-roundproductandrevenuefullproductionVRL5.0-6.0late-stageorC-roundgrowingmarketsharefullproduction1.HaveyoucompletedanassessmentofthetechnologyHaveyouresearchedrelatedpatentsorcopyrightsHaveyouresearchedtechnicaljournalsandtrademagazinesHaveyoudiscussedthetopicwithexpertsDoyouknowthecurrentstate-of-the-artcompetitivetechnologiesHaveyouselectedtheapplicationforthetechnologyHaveyoudeterminedtheadvantagesofthistechnologyHaveyoudeterminedtherisksforthistechnology2.DoyouhaveaworkingmodeloftheproductHaveyouevaluatedthesafetyfactorsofthemodelHaveyouevaluatedtheenvironmentalfactorsHaveyouevaluatedthefeasibilityofproducingtheproductHaveyoumeasuredhowtheproductwillperformDoyouhaveadesignfortheproductDoyouhaveadesignfortheproductionprocess3.DoyouhaveanengineeringprototypeoftheproductHaveyouidentifiedwhatcriticalmaterialsyouwillneedHaveyouconductedfinaltestsontheprototypeDoyouhaveapilotproductionprocessDoyouknowhowreliablethemanufacturingwillbeCommitmentCircumstancesVentureReadinessSurveyDescriptionPurposeScoringVentureReadinessSurveyQuestionsTechnicalActivitiesQuestionnairewww.technologyalliance.ms29