At Medlab, we wish to make the process as streamlined as possible, our overarching gates are:

1. Needs Identification: at this step, we seek to understand how the technology is to be used, hence target market, market segment, compound versus formulation, exclusivity versus non-exclusivity, and manufacturing and regulatory requirements are vital information. Due to the sensitivity of the information, non-disclosure agreements are expected.

2. Project Brief and Acceptance: at this step, a project brief is agreed upon with key dates and milestones.

3. Proposal Acceptance: a transaction proposal is agreed to move forward.

4. Proposal Execution: a working project team is formed on both sides, an execution strategy is agreed upon, and both sides work towards executing the proposed agreement.

5. Review: Agreements are reviewed periodically to ensure deliverables and conditions of the proposal are met.