Innovation Lifecycle Management
Strategically fund your innovation from concept to commercialisation.
Understand the Innovation Lifecycle
The innovation lifecycle is the complete journey of a new idea, from initial concept to final commercialisation. It’s not a single event, but a dynamic, multi-stage process that requires strategic planning, funding alignment, and timing.
A key framework for navigating this journey is the Technology Readiness Level (TRL) scale, which was originally developed by NASA.
It provides a common language for describing the maturity of a technology, from basic research (TRL 1) to a fully developed and deployed system (TRL 9). Understanding where your innovation sits on this scale is essential, not only for securing funding, but for knowing when and how to use different mechanisms like grants, R&D tax relief, and Patent Box.
At Streets Innovation, we provide expert guidance on innovation lifecycle management, developing a strategy that maps funding and tax relief to the right point in your development cycle.
Technology Readiness Levels
Research Funding
TRL 1–3 (Feasibility Stage)
At this early stage, you’re in the world of basic research and early-stage concepts. You’re working on a proof of concept, and projects are often shorter with lower grant values. This is the stage where academic projects often begin, funded by a company’s own cash or early-stage support like angel investment. Streets Innovation helps you identify these initial funding streams and build a foundation for your innovation journey.
Innovation Grants
TRL 4–6 (Industrial Research & Prototyping)
This is the heart of the innovation lifecycle for many businesses. At this stage, you’re focused on prototype development and moving your product or process towards a “live environment testing” phase. The majority of our clients’ projects fall into this category. For small companies, this stage can attract significant grant funding, often with a 70% funding rate. We specialise in helping you access these crucial innovation grants, providing the expertise to craft a compelling application that stands out.
VC Funding, Innovate UK Loans & Advanced R&D Tax Relief
TRL 7–9 (Demonstration & Pre-Commercial Deployment)
By this stage, your technology is mature. You’re demonstrating it in a live environment and conducting final system testing. Your innovation is nearly ready for the market, with only minor adaptations needed for specific use cases. Funding at this stage often comes from venture capital (VC) funds, private equity, or strategic loans from bodies like Innovate UK. R&D tax relief continues to play a valuable role, and this is also where future Patent Box eligibility starts to matter. We help you shape a funding approach that supports commercial launch and long-term IP benefit.
What Streets Innovation Can Do For You
We understand that managing the innovation lifecycle can be complex. That’s why we act as your dedicated innovation strategy consultant, providing end-to-end support to ensure your journey from idea to market is as smooth and successful as possible.
Lifecycle-Aligned Innovation Strategy
We don’t treat grants, R&D tax relief, and Patent Box as isolated services. Instead, we help you build a long-term innovation strategy that places the right mechanism at the right time, maximising both short-term capital and long-term tax efficiency. From feasibility to full market launch, our team works with you to align each funding source to your technical and commercial milestones.
Expert Funding and Advisory Services
Our expertise goes beyond a single service. We help you with R&D tax relief, grant strategy and applications, Patent Box planning, and IP and innovation management. This multi-faceted approach ensures that your innovation is financially supported throughout its lifecycle, from initial research to commercialisation. We’re one of the leading innovation strategy firms, known for our ability to provide insightful, realistic, and practical solutions to even the most complex business challenges.
Why Choose Streets Innovation?
A Unique Blend of Technical and Commercial Expertise
Our cross-disciplinary team spans nanotechnology, engineering, and biology, alongside fully qualified Chartered Tax Advisers. This allows us to understand your innovation technically, assess it commercially, and match it to the right funding solution.
A Meticulous and Trust-Driven Approach
Our exceptional compliance record, attention to detail, and long-term client focus set us apart. We don’t offer generic advice, we take the time to understand your specific goals and shape a funding strategy that grows with your innovation.
Get Started Today
If you want to maximise your return across the innovation lifecycle, contact Streets Innovation today to arrange a free consultation. We’ll assess your project’s TRL stage and help you build a strategy that aligns grants, tax relief, and Patent Box with your commercial ambitions.
