The platform

ITRS (InnoRate Technology Rating System)

One of the most interesting features of the platform is its Technology Rating System. This includes two layers.  In the first, start-ups and SMEs insert a number of their properties with a quick survey provided to the platform and through a digital, fully automated process receive a score, called the pre-screening grade. This grade represents an already consistent synthetic assessment of the technology and commercial potentialities of the SMEs.

In the second layer, senior experts step in to evaluate hard-to-quantify aspects and provide a fuller assessment of the start-up or SME in question. With a face-2-face meeting or web conference meeting the Expert reinforces the pre-screening grade deepening technological and commercial aspects that could not be automatically provided by the SME. After deep assessment, the ITRS Report will be available on the platform. The end user will thus have a complete view on the SMEs innovation potential, ready to be used for the provision of the matchmaking services.

Both pre-screening and Deep Assessment can be exported by the platform in PDF format. The pre-screening report shows scores received on each evaluation indicator that formed the pre-screening grade. In turn, ITRS report sums up the pre-screening and deep-assessment, defining the final ITRS grade.

Through pre-screening and deep-assessment, companies with similar properties (e.g. companies within the same technological domain) can be sought and deepened analyzed considering the characteristics of Management, Technology competency, Marketability and Business Feasibility assessed with pre-screening and deep assessment. In addition, SMEs can be also benchmarked against one another. This will allow their owners to better understand the potential and risks involved in their endeavors and access finance easier and faster. By the same token, investment parties can decrease their financial risk by being able to visualize effortlessly and clearly the prospects of their potential investments.

How can you benefit from the platform?

If you belong to the investment and entrepreneurship world,  the best way to find-out how you can benefit from InnoRate’s services, is to test the platform and witness yourself. From June 2020 and during our pilot-rounds, testing our platform will be free of charge. So, if you are investor, innovation intermediary, technology transfer office, matchmaking firm or an innovative tech-driven SME from the European Union or Associated Countries what are you waiting for? Join our pilot rounds and get ahead of the competition.