Understanding Proof of Value

For a deeper explanation and understanding of Proof of Value, click here.

To read about the differences between Proof of Value and Proof of Concept, click here.

Results

Proof of Value is not Just a Concept

These days, proof of concept just isn’t enough. What good is a proven concept if it enters the market five years late—or even five days late? Today’s game is still about speed to market, but investors crave a more predictable and realistic understanding of the value of each compound, device or diagnostic. And they want this knowledge as soon as possible in the product’s lifecyle so they can make choices with their money.

Proof of Value™ (PoV) is not just a clever turn of phrase. Systematic valuation is possible by properly setting up experiments with very clear go-no go criteria, and then quickly acting on the outcomes. Highly innovative companies like SingEval not only tolerate failure, we embrace it. We simply want our failures to fail the technical hurdle fast, so we can redirect resources into candidates with higher probabilities of success. Failing fast saves you money, because success ultimately depends not only on the projects you keep, but also on the ones you kill.