The Business Development unit operates under the overall vision of DTVC that is “to lead the commercialization of technologies by fostering an environment where drivers of innovation work together to deliver economic, business, and employment opportunities of national and global value in the energy sector.”
The role of business development unit and its main accountabilities are multi-dimensional and spread across various elements of the strategic plan and daily operations of DTVC. The role of business development can be mainly classified into following categories:
In conclusion, the business development unit aims towards ‘completing the DTV ecosystem’ i.e., to become a ‘one-stop-shop’ for inventors, investors, industry, and entrepreneurs alike. The critical factors for above described roles can be summarized as success in attracting prospective companies, effective communication of policies and procedures and ensuring compliance, developing business case for potential opportunities, and creating recognizable DTVC brand image.