Intro
| Strategy, Fundraising
| 3 months
Rovco is a Remote Operated Vehicles (ROVs) and Autonomous Underwater Vehicles (AUVs) scale-up having raised Seed, Series A and B rounds, with focus on submarine survey and inspection.
The company was contemplating a strategic pivot to offer their internal software solution with AI and 3D analysis capability. For this, they required proper market and competitive assessment including a structural framework or defined approach to implementing this new pivot.
“NovAzure helped us with a strategic analysis and recommendation for a new potential business expansion. They delivered a very high-quality work, with the right balance of information and challenges to help us build our strategy”
CEO at Rovco and Vaarst, Brian Allen
How We Helped
We prepared a strategic market analysis and recommendation – outlining the market trends, drone/AI platforms’ potential competitors, and established the company’s positioning (SWOT analysis).
Together with the client, we developed an offering package that highlights the company’s USPs.
Finally, we provided a methodological framework for the client to implement the new offering, including setting up a new business entity.
The Value We Created
Our client successfully convinced the Board of the new strategy, gaining their full support and approval.
This allowed them to move forward swiftly with the next steps, which included finalising the detailed offer definition and putting together a comprehensive implementation plan.
With the Board’s backing, they were able to accelerate the process, ensuring that both the strategy and its execution were aligned with the company’s broader goals and objectives.
This decisive action set the stage for timely and effective delivery.
