Commercialization

What is a commercialization process? Where state commercialization support should start and end? How to build commercialization process that creates significant effect on Your economy?

Often commercialization process is thought too narrow, understanding by it only transfer of technology-related inventions from science and research to the market. Typically key supporting organizations in that are technology transfer centers, university innovation centers, technology business incubators and technology parks.

In fact in Europe, only four percent of commercialized innovations are coming from science, but they receive the major part of state support. Besides that public support is usually going to technology based companies, even though service sector is creating major employment and taxes in many Western countries.

How to build a commercialization process, which is affecting all sectors of the economy? How to ensure that commercialization process is giving considerable results? How to measure results of state commercialization activities?

InnoPraxis approach is based on complex understanding of commercialization process, recognition of business needs at each development stage (as shown on picture below).

InnoPraxis experts help to analyze and create complex commercialization process, inclusive for companies at different development stages. InnoPraxis has consulted and trained representatives from over 20 universities, from 11 countries.