3. From concept to commercialisation
There are high expectations by society and policy makers today,
that science and research should expand and improve their interaction
with industry to solve the grand challenges of our time, like fighting
cancer, climate change or the COVID-19 pandemic. This section looks
at the route to transfer scientific findings and innovations to a
new product or to an existing object with added values, through commercialisation.
First of all, it is to raise the technology readiness level – all
engineering issues have to be dealt with at this stage. This step
is often termed as raising TRL or
technology transfer
, which
aims at transferring an idea/a laboratory level proof of concept to
a prototype. In order to commercialise an innovation and make it to
the market, the profit margin is the solid goal, and the key performance
indicators of a profitable plan are...
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From concept to commercialisation