diff --git a/comp/mvb_tools/storage/fifox/cocotb/prepare.sh b/comp/mvb_tools/storage/fifox/cocotb/prepare.sh
new file mode 100755
index 000000000..84dd1a860
--- /dev/null
+++ b/comp/mvb_tools/storage/fifox/cocotb/prepare.sh
@@ -0,0 +1,16 @@
+#!/bin/sh
+
+ROOT_PATH=../../../../..
+
+PKG_COCOTBEXT_OFM=$ROOT_PATH/python/cocotbext/
+
+# Python virtual environment
+python -m venv venv-fifox
+source venv-fifox/bin/activate
+
+python -m pip install setuptools
+python -m pip install $PKG_COCOTBEXT_OFM
+
+echo ""
+echo "Now activate environment with:"
+echo "source venv-fifox/bin/activate"