Intellectual Property Commercialization
Consider a variety of factors when reviewing a commercialization plan.
Technical Factors
- Understand the technology
- Consider the technical capabilities and facilities
- Awareness of technical challenges and constraints and a plan for solving
- Available and accessible technical and engineering skills
- Assessment of design changes necessary to achieve commercialization
Business Factors
- Goals of project agree with overall mission and goals of your business
- Demonstration of strength of company in field of technology relating to product
- Clear identification of existing and potential customers
- Characterization of market, including size and estimate of penetration
- Competitive advantage and position
- Clear work/business plan, including well defined road map to commercialization
- Demonstrated development, manufacturing, and marketing capabilities
- Financial condition of business interested in commercializing
Management Factors
- Leadership and commitment of management
- Well-defined project management, schedule, and resources
- Reasonableness of proposed effort, including time and resource estimates
- Strengths and capabilities of management team, including past experience
- Record of successful and unsuccessful technology development leading to commercial products
Economic Impact
- Financial benefits
- Number and quality of jobs expected to be created
- Impact on consumers and taxpayer benefits
- Time to commercialization impact
- Expectations for exportation of product
- Financial and organizational impact on company
- Economic impact in company’s local community
Last Modified: December 5th, 2009