Independent advisory · Milan

Independent advisory for those who must decide on a technology they don't know well enough.

I don't hand over an opinion or a blunt verdict. I take technology claims and break them down into their fundamental components, then return a map of the residual uncertainty — before you invest, acquire, sign, or build something that has to hold up for real.

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Five services

Decision-makers need to see the real risk, not just the potential.

01

Technical Due Diligence

For those looking at a deeptech startup or a frontier technology who sense that the story is compelling, but the numbers deserve to be questioned. An independent report that falls in love not with the idea, but with the rigour behind it.

For those who invest in deeptech and in the future
02

Independent Technology Review

For those who must bring an industrial technology into a real plant. To understand whether what works on paper and in brochures is compatible with their own reality.

For those adopting or changing industrial technology
03

Sustainability Strategy

For those who must build a credible ESG pathway and don't know where to start. Not a downloaded template: a strategy built on the company's real materiality, with ordered priorities and measurable objectives.

For those who must structure their own ESG pathway
04

ESG Framework

For those who must adopt a specific ESG framework — for a regulatory obligation, a client, the market — and don't know which one to choose or how to prepare to meet it. Not a list of every existing framework: the right one, with a concrete path to get there.

For those who must choose and reach an ESG framework
05

Technology Transfer

For those with a proprietary technology who need to understand how to turn it into a product or an industrial agreement. Thirty-five years of direct R&D experience at the service of the passage from lab to market.

For those with technology to industrialise or license
Approach

The reasoning behind the report

Every technology claim lives on conditions that must all be true simultaneously: the chemistry, the physics, the scale, the intellectual property, the economics, the ESG narrative. I take technology claims, dismantle them down to the last screw and reassemble them until the breaking point appears. I don't look for confirmations: I look for the first place where it stops working.

The five axes

Five independent questions, one honest picture.

01ScientificDo the chemistry and physics really support the numbers claimed?
02ScaleIs the stated TRL the real one, or has it been inflated to look more mature?
03IPDoes the patent coverage truly protect the process, or does it leave gaps a competitor can walk through?
04ESGIs the sustainability claim documented, or is it well-written narrative?
05Technical marketIs the stated cost realistic, or does it rest on overly optimistic industrial assumptions?
Methodological note

The state of each axis is determined by its critical node, never by an average. An average is anaesthetic: it hides exactly the information the method is looking for — where the system breaks first. The client does not receive a synthetic score: they receive a decision map that shows which axes hold, which are under tension, and which fracture.

An example

A concrete example is worth more than any description of the method.

Extract from a sample report on an anonymised case: an e-methanol-from-CO₂ technology assessed at Pre-Series A stage.

e-methanol from CO₂ · process technology · Pre-Series A

"65% yield on an industrial module, competitive cost at €X/kg, modular scalable process, negative carbon footprint."

Four conditions that must hold together, not one at a time.

Scientific
Under tension
Scale
Fractured
IP
Fractured
ESG
Indeterminate
Technical market
Under tension
Under tension: significant but resolvable issues · Fractured: does not hold under current conditions · Indeterminate: insufficient data for a serious judgement
Verdict

The investment is not justifiable today. It becomes so only after the defensibility of the catalyst is clarified and a targeted pilot campaign resolves the thermal and scale bottleneck. The method does not say "no": it says "not now, and here is exactly what must happen for me to say yes with technical conscience."

Read the full report (in Italian) →
Services

Five perimeters, one discipline.

For those who invest in deeptech

Technical Due Diligence

Complete technical assessment of the claims of a deeptech startup or technology, commissioned by those who must decide whether to invest. The report returns the state of five independent axes, with precise localisation of the critical node for each non-robust axis. Not an invest/don't-invest judgement: a navigable decision map.

TargetVC · PE · Family office · Accelerators · Incubators

OutputMap of the five axes with state and interdependencies, priority sequence, recommended minimum tests, questions for negotiation

Typical timeline1–4 weeks

To get startedPitch deck, technical data room, patents, possibly a call with the startup team

For those adopting industrial technology

Independent Technology Review

Comparative and practical assessment of mature technologies available on the market, before purchase, licensing or adoption. The focus is not on the laboratory but on real compatibility with the client's operating context: scale, feedstock, plant integration, adoption risks. The report doesn't say what to do. It says what to verify before signing.

TargetSMEs · R&D managers · Procurement leads · Entrepreneurs

OutputOperational report comparing options, assessment of supplier claims, risk map and points of attention before signing

Typical timeline1–4 weeks

To get startedSupplier technical datasheets, client operating parameters, access to relevant production data

For those who must build an ESG pathway

Sustainability Strategy

Building the company's ESG pathway starting from real materiality, not a downloaded template. The starting point is what actually matters for that specific company — sector, value chain, stakeholders — not a standard checklist. Not a generic ESG plan: a strategy with ordered priorities and measurable objectives, built on the topics the company can actually govern.

TargetGrowing SMEs · Companies without a structured ESG function · Those who must respond to clients or tenders with a credible plan

OutputMateriality of the relevant topics, priority pillars with sequencing, measurable objectives over time, points of attention before external communication

Typical timeline2–6 weeks

To get startedDescription of the business and value chain, any regulatory obligations already known, existing ESG documentation if available

For those who must adopt a specific ESG framework

ESG Framework: Selection and Preparation

Among dozens of ESG frameworks (CSRD, GRI, ISO 14064, SBTi, B Corp, EcoVadis...), identifying the one genuinely suited to the case — for a regulatory obligation, a client request or market positioning — followed by concretely preparing the company to reach it. Not a list of every existing framework: the right one for the specific context, with the path to get there.

TargetCompanies subject to a specific regulatory obligation · Suppliers asked by a client to adopt a framework · Companies seeking a certification for positioning

OutputRecommended framework with rationale, gap analysis against requirements, preparation plan with verifiable milestones

Typical timeline2–4 weeks

To get startedReason for the request (obligation, client, market), current company data, any framework already suggested by a third party to be verified

For those with technology to industrialise

Technology Transfer

Thirty-five years of direct industrial R&D experience at the service of the passage from lab technology to a product or industrial agreement. The service doesn't stop at assessment: when needed, it also includes actively searching for a buyer, licensee or industrial partner. Technology transfer is by nature a long process with an uncertain outcome, with timelines and paths that vary widely case by case — which is why we only work on technologies with a potential deal value above €1,000,000.

TargetResearch centers and universities · Companies with proprietary technology to industrialise or license · Spin-offs being structured — potential deal value above €1,000,000

OutputTechnology readiness assessment (TRL), transfer options (licensing, joint venture, divestiture, spin-off), research and mapping of potential industrial counterparts or buyers

Typical timelineA long, variable process — from a few months to over a year, depending on deal complexity and the time needed to find the right counterpart

To get startedDescription of the technology, intellectual property status (patents filed/granted), expected deal value

Fee7.5–15% of the final transfer deal value, due only on a completed transaction — no cost if the deal doesn't close

When to choose what

Technical Due DiligenceIndependent Technology ReviewSustainability StrategyESG FrameworkTechnology Transfer
You are assessingA deeptech startup or technology for an investmentA mature technology to purchase or licenseYour own ESG pathway, from scratch or restructuredWhich ESG framework to adopt and how to prepare to meet itHow to bring proprietary technology to market
The decision isInvest / don't investBuy / integrate / sign a contractWhich ESG priorities to set and in what orderWhich standard to adopt and how to get thereLicense, launch a joint venture, or spin off
The starting point isThe founder's or scientific team's technology claimThe supplier's or vendor's commercial claimThe company's materiality and value chainA regulatory obligation, a client request, or a market goalA proprietary technology with IP to unlock value from
The focus is onScientific fundamentals and scalabilityOperational compatibility with your contextESG priorities and measurable objectivesGaps against the chosen framework's requirementsTechnology maturity and industrial counterparts
Who commissionsFunds, accelerators, family officesSMEs, R&D managers, entrepreneursSMEs, companies without a structured ESG functionCompanies subject to a regulatory obligation or client requestResearch centers, universities, companies with proprietary technology
Typical timeline1–4 weeks1–4 weeks2–6 weeks2–4 weeksMonths, sometimes over a year
Exclusions

Petricca Advisors does not produce legal opinions, financial valuations or investment recommendations.

Structural independence

In domains where there is an overlap with proprietary activities — dehydration/drying, protein recovery from agricultural waste, catalyst cleaning — the conflict is declared before the engagement, not after. In case of conflict, the engagement is not accepted.

Fees

Fees vary according to the complexity of the perimeter. The structure is always communicated before the engagement, never after. A fixed fee for the defined perimeter, with no success fee or incentives tied to the outcome — except for Technology Transfer, where a success fee applies on the final deal (details in the service card).

Portrait of Flavio Petricca, founder of Petricca Advisors
About

Flavio Petricca

A chemist by training. I assess deeptech technologies for investment funds and industrial companies with the same rigour with which I help build, scale and run them. When I look at a plant or a claim, I don't see just a promise: I see the physics, the materials and the people who will have to make it work every day.

Education and research

A dual specialisation in Chemical Sciences and in Environmental Change and Global Sustainability at the University of Milan, with training in Life Cycle Assessment, environmental economics, ESG, sustainability accounting and advanced data analysis. I have worked on nanostructured materials and their applications, combining chemistry with a path in Design Thinking (HEC Paris) and international R&D management: where the technical dimension meets the strategic and operational one.

Operational experience

Before founding Petricca Advisors I assessed pioneering technologies at Aliteco AG in Switzerland: a privileged vantage point on what distinguishes a solid claim from a well-presented promise. As founder of Pherkard Tech, I lead an internal R&D team and coordinate collaborations with international experts on the development of proprietary technologies (TVI and REFIR) in industrial drying and protein recovery.

I don't assess technologies from a desk: I watch them being born, take them to scale and measure their impact when they stop being slides and become steel, valves and production shifts.

Structural separation

Petricca Advisors and Pherkard Tech are structurally separate entities. Overlapping domains are declared before every engagement. If a technology falls into a conflict area, the client knows immediately: no ambiguity, no double hat.

Contact

A first technical conversation

A free, no-commitment technical briefing. It serves to understand whether the project falls within the perimeter of Petricca Advisors and which service fits it best.

Typically 45 minutes
I work in

Process chemistry · Advanced materials · Cleantech · Pharma · Agrifood · Wastewater · Any deeptech where the critical question is scientific or industrial

I do not accept engagements in

Industrial dehydration/drying, protein recovery from agricultural waste, catalyst cleaning — for conflict with the activities of Pherkard Tech.

Confidentiality in the contact too

This form sends a direct email from your own mail client — it does not pass through external services nor is it stored on third-party platforms. For the same reason, this site does not use any third-party analytics or tracking tools: your visit is neither recorded nor profiled. Consistent with the same principle I apply to your data during an engagement.

Before sending, do not include information under NDA or patentable details: for those, we first arrange a confidentiality agreement.

ConfidentialityThe information shared remains confidential. A bilateral NDA is available before the briefing.
Out of perimeterIf the project does not fall within the perimeter of Petricca Advisors, I say so in my reply: at no cost.
Conflict of interestPetricca Advisors declares in advance any overlap with its own operating domains. If the technology under review falls into a conflict area, it is communicated before any engagement.