Technology Approval Group (TAG)
Isle's Technology Approval Group (TAG) was established in 2005 as a novel innovation forum that aims to accelerate the commercialisation and market uptake of new technologies. TAG brings together industry know-how with the financial backing of institutional investors to facilitate technology development in line with the market's needs.
TAG identifies over 500 novel technologies a year spanning the water, waste, energy and transport sectors. Each technology is carefully screened and evaluated by the appropriate specialists within Isle, ensuring that each “approved” technology is novel, robust, has a strong unique selling point, addresses key business needs and presents significant cost benefits over and above the competition.
Technology Development Curve
The figure below shows a typical technology development curve in terms of the cost to the company vs. time taken. TAG typically works with technologies that are pre-commercial but post-R&D.
“Approved” companies are invited to present to our TAG members (i.e. industry end-users) on a quarterly basis. These TAG meetings guarantee direct exposure to the industry; the results from which have proven to be invaluable to many of our clients. What can be gained through these TAG meetings include:
- Direct feedback from the industry end-users;
- Trials or sales opportunities; and
- Introductions to the right contacts within the industry.
Where appropriate, technology companies looking for funding are introduced to suitable venture capital and private equity investors. This not only attracts external investment to the industry, but it also enables the technology company to better deliver their product in line with the industry’s requirements.