The Reveo inventqbation strategy is the method that the company uses to achieve its mission of solving problems for humanity. The inventqbation strategy is composed of the following phases.
Create Environment
An incentive-driven environment that will provide inventions and innovations, which truly make a significant positive impact on humanity. The inventqbation strategy is composed of the following phases.
Invent or Acquire Technologies
All Reveo and subsidiaries employees are encouraged and rewarded for technological innovation. Reveo also considers acquiring significant innovations invented outside its laboratories.
Test for ETP Criteria
Management will meet with the inventors to determine if the invention meets the five tenets of the ETP Strategy. If so, it will be considered a reveolutionary technology for further stages.
Provide Seed Financing
The company can provide internal seed financing and also writes grant proposals to obtain funding from federal and state agencies.
Recruit Additional People
To augment the existing capabilities, talented people are recruited. The criteria for selecting people who will contribute to successful technology inventqbation are: a proven record of contributions, diversity of technological knowledge and capability, extremely high aspirations, want to have fun, entrepreneurial, culturally tolerant, and team players.
Demonstrate Viability of Technology
In order to ensure that Reveo meets the main tenet of its mission to solve problems for humanity, the company will nurture technologies and be patient with them, minimizing both technical risk and risk to investors' money. When Reveo commits to a technology because it solves a problem of humanity, we intend to bring it to full fruition.
Attract Partners and Investors
Reveo will look for partners and investors who have a strategic interest in the technology, possess a long-term vision, believe in making a contribution to humanity, and believes in the tenets of the ETP strategy because they are synergistic with its own missions.
Product Development
Once the fundamentals are done, the risks minimized, and the viability of the revolutionary technology established, product development will commence.
Incorporate
Reveo will establish an ETP subsidiary to focus on the proven revolutionary technology and its markets.
Launch Products
The incubated company will now be in position to launch its products and build its own independent infrastructure.
Growth
The young corporation will build business and technology management teams with proven track records. These people will propel the incubated company to meet its mission and succeed in rewarding its partners, investors, employees, and customers. At this stage the company may go public to grow further and fulfill its potential, which is to provide significant contributions to humanity.