Lexington, Kentucky · Est. over two decades ago859-327-8322info@PraxisInnovations.com
Praxis Innovations
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[PHOTO: close-up of a prototype on a workbench]

STRATEGIC & OPERATIONAL CONSULTING

The only way to profit from an idea is to put it to use.

For more than twenty years, Praxis has helped inventors and companies turn prototypes, patents and stalled operations into revenue — then stepped aside.

Schedule a no-fee evaluation

IN BRIEF

1,500+
North American vendors for sourcing
81%
of clients implemented their plan and thrived
80%
savings for some sourcing clients
“We work to get you to a good outcome in almost any situation.”
— Rex McDonald, Principal Consultant

Services

New Product DevelopmentFrom working prototype to manufacturing techniques and QC documentation.SourcingKnow what you need, how many, how often and when — we find who makes it.Material TestingDurability, environmental testing and validation reports via BeoWolf.Project ManagementPMI-based plans with clear communication to every stakeholder.Technology TransferA plan that lets buyers use your technology the day the deal closes.Licensing & FranchisingIndependent evaluation, then licensing to manufacturers.Unused IPMarket research and a test launch before you scale.

Field Notes

All notes →
INTELLECTUAL PROPERTY

IP unused is worthless

Why a patent earns nothing until you manufacture, license or sell it.

GO TO MARKET

A salesman too early, a marketer too late

The most common path to failure, and how to sequence the two.

FUNDING

What venture capital due diligence looks for

Getting your IP, operations and logistics ready for the checklist.

The Kentucky start-up ecosystem

Sixteen organizations we point founders to.

  • UK Innovate
  • Kentucky Science & Technology Corp.
  • Kentucky SBDC
  • Awesome Inc
  • Community Ventures
  • Mountain Association
  • Sprocket Paducah
  • + 9 more

Tell us where you're stuck.

A one-hour conversation with Rex McDonald, Principal Consultant. No fee, no obligation.

Book a consultationCall 859-327-8322
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