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Vendor Due Diligence for Robotics Startups

Published: Publisher: Zhilianhai Robotics News

Probe the fundamentals

  • Who owns the core technology, and is it licensed from a third party?
  • How many units are in commercial operation, and for how long?
  • What is the spare-part strategy for the next five years?
  • Can you hold the software source or an escrow agreement?
  • What happens to support if the company is acquired or closes?

Structure the risk

RiskContractual toolPractical tool
Company failsSource code escrow, spare parts pre-purchaseKeep a parallel traditional solution available
Roadmap slipsMilestone payments tied to deliveryBuy the current version, not the promised one
Key person leavesDocumentation requirements, trainingInsist on written procedures

Pilot with a path to scale

Buy the smallest useful unit, with a written price schedule for the next ten. That gives the startup a reason to perform and gives you a route to scale without renegotiating from zero.

This article is published by the Zhilianhai Robotics News site. Where policies, standards, prices, company capabilities or project status are involved, cross-check the original sources as well.

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