RESEARCH

Prospectus has detailed knowledge of the research environment in Ireland - how the system is organised and managed and the relationships between the various organisational elements - and a unique insight and understanding in relation to research in the healthcare, food, ICT and academic environments.

In addition, Prospectus has a formal alliance with INNO www.inno-group.com , a pan-European firm of consultants specialising in innovation and the commercialisation of research. INNO has offices in Germany, France, Austria, Sweden and Russia and employs 65 consultants.

In association with INNO, Prospectus works with various research organisations, hospitals and educational institutions to:

Develop strategic plans
Assist consortia to develop the business case for research
Project manage research programmes
Develop commercialisation frameworks
Establish best practise at research institutes
Improve existing or design new structures and processes to facilitate innovation and the commercialisation of intellectual property
Improve governance in research institutes

CREDENTIALS

Tyndall National Institute (UCC)
Prospectus is assisting the Tyndall National Institute to develop a corporate strategy for the period 2007 to 2011. Tyndall engaged Prospectus to kick-off the strategy development process with management. Prospectus led away days focused on brainstorming possible visions of the organisation and identifying the key strategic issues it must address.

Forfás
Prospectus assisted the Advisory Council for Science, Technology and Innovation to:

Analyse the current state of health research in Ireland from the perspective of stakeholders
Review best practice in other jurisdictions to compare with the situation in Ireland
Outline commercialisation opportunities for the translation of health research for the benefit of patients and commercialisation opportunities arising from health research performed in Ireland.

Health Research Board
Prospectus assisted the management team to develop a three-year strategy for the Board and for each of its functional areas. This involved identifying key performance indicators and working with each member of the management team to develop individual functional plans to support the overall organisation plan.

IDA Ireland and Dublin City University
IDA Ireland planned to establish a national bio-manufacturing/processing research and development centre in partnership with four Irish academic institutions: Dublin City University, Athlone Institute of Technology, National University of Ireland Galway and Royal College of Surgeons in Ireland, together with the possible involvement of the Hauptman-Woodward Institute and Buffalo University. Building on the work already done, IDA Ireland engaged Prospectus to:

Determine the likely start-up and operating costs of such a centre
Devise a strategy for the centre to move to a self-funding basis
Develop a governance structure to drive the objectives of the centre

This involved working with financial analysts and the different parties to address each of the above areas, through one-on-one meetings and discussion fora. Prospectus was responsible for providing project management support throughout the process, ensuring that the three areas were discussed sufficiently by all the parties involved and that agreement was reached on how best to progress the project.

Research Strategy for a Large Acute Hospital
Prospectus assisted a large acute teaching hospital in Dublin to develop a research strategy. This involved reviewing the current state of research in the hospital (including details of research being conducted and links with other partners), identifying the implications of the national health research agenda for the hospital, developing a research strategy for the hospital and formulating an implementation plan.

Irish Centre for Social Gerontology, National University of Ireland Galway
Prospectus assisted the Directors of this newly established research centre to develop a three-year business plan and to define appropriate governance and staffing arrangements, taking into consideration best practice and existing academic structures.

Consortium of Dublin-Based Academic Institutions/Teaching Hospitals
Prospectus conducted a feasibility study and business case for the establishment of a leading-edge medical research centre in Ireland for a US multinational and IDA Ireland. This involved working closely with the senior management team of General Electric, IDA Ireland, Royal College of Surgeons in Ireland, Dublin City University, Beaumont Hospital and the Department of Health and Children to:

Determine the financial viability of establishing this state-of-the-art bio-imaging centre in Dublin
Compile a comprehensive list of capital requirements and annual running costs
Determine the percentage split of clinical versus research time that the centre would have to maintain in order to achieve a financial break-even point
Identify the reimbursement strategies of using General Electric equipment for clinical use, and the potential revenue streams
Define the operating model and organisation design for this global research centre
Develop a business case for approval by the Board of General Electric and the IDA

Sample List of Prospectus Clients in the Research and Development Sector

Sample Client List