Business Plan Development
BOPs, from drivers 1 or 2, which are deemed to have potential for commercialisation are put through the CBET Business Plan development process. In this process, CBET partners with the promoter of the BOP and jointly owns the Business Plan. The promoter pays 50% of a negotiated fee to CBET, the total of which is much less than the market rate for business plan preparation, and CBET contributes the resources to effect an international quality business plan for a global niche market.After a Phase-1 Business Plan Research Review, both parties can agree to terminate the process, if feasibility is not demonstrated. In this case, an agreed settlement is made to CBET. If the parties decide to complete the business plan, the other 50% of the negotiated fee, is made to CBET on completion.
CBET then assists the promoter to find an investor for the business plan. When this investment is made, CBET releases its part-ownership of the business plan for a fee and shareholding, which would have been prenegotiated as part of the initial process. This is in support of Driver No.2.
Figure 2 - CBET - Driver 2
