INTRODUCTION :
Technology and discoveries are key parts of the creation process , which modifies inventions into marketable products . This procedure is most complex and for this reason requires a lot professional professional skill and professional knowledge . WIPO and also IFIA have selected the main theme of this worldwide symposium “Commercialization of Original Inventions” in reply to various questions and requirements from inventors , organizations and revolutionary enterprises . Particular patented inventions will be introduced and mentioned in this international symposium over the subsequent days . Hopefully it will allow also to the members to exchange expertise and to obtain more insight into the complex facets of the innovation process .
Commercialization of the New technology ( THE Concluding BUT Most Important PHASE OF INNOVATION PROCESS )
If we look closer at the development process we will realize that it consists basically of 4 overlapping and correlated main phases :
1 ) Idea Generation
2 ) Conception Phase
3 ) Prototype and Formal production Phase
4 ) Production
5 ) Marketing as well as Commercialization
The crucial point in the development process is the making , marketing and industrialization stage , when the invention or the different product or method based on it will meet the test of the marketplace .
As it was already mentioned , the returns in terms of revenue upon its industrialization are the ultimate ( and eventually the most important ) evidence of the success of the invention and new product .
The innovation process is not a linear process and its different parts overlap and interact in a considerable degree . Nevertheless , for the inventor or his firm it is not advisable to begin commercialization at such a young stage and at least not before having filed a copyright application .
Read more at Commercialization of Innovations as PDF
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