Independently of the route of commercialization of the invention/technology, such invention/technology must the implemented into a product and/or service that will solve a problem, respond to an opportunity of the society. In other words, respond to a concrete and real market need.
This product development stage takes time and also knowledge of the market and consumer segment in order to de-risk as much as possible the product and/or service until it reaches the market.
From Invention to Innovation it takes time. The lower the TRL the highest is the risk of investment for Industry or Investors to back-up the development of a technology.
The development of your technology does not stop with the application for IPR; it needs to continue to build up a data package that increases the technology attractiveness to Industry.
Last updated in: 28/02/2021