Technical Project Plan – Pre-Funding Medical Device Start-Up Company
Pre-funding medical device start-up company needed a detailed technical product development plan to present to a venture capital funding source. This was a late-breaking request that had the potential to hold up the close of seed funding. Rasdal Associates was engaged to pull a plan together over a week-end in order to keep the funding timeline on track.
Rasdal Associates collected and reviewed a range of client documents to establish a base line structure for the development plan. Rasdal Associates then conducted a series of interviews with the founder and technical staff. A detailed project plan was created using Microsoft Project.
Rasdal Associates also cleaned up the company’s financial summary and product specification to be used as part of the investor packet.
The client successfully raised seed funding which allowed them to continue product development. The client then went on to close $7 million in Series A financing.