Technology Commercialization
Small and medium-sized businesses are major contributors to high-technology innovation and economic growth in the U.S. and account for a significant amount of new jobs. Unfortunately, while most inventors understand technology, they are significantly less knowledgeable about the entire process one needs to undertake to commercialize and monitize their invention. That is why approximately 95% of issued utility patents for new technology never get commercialized. This tremendous shortfall in commercialization of inventions and products negatively impacts the U.S.’ ability to continue being an innovation and economic world leader.
Some of the top reasons for this shortfall between patents issued and commercialization are the inventor:
- Not doing the necessary due diligence to verify the commercial viability of the invention/product.
- Not understanding the total costs of obtaining adequate intellectual property protection.
- Not understanding the need to have a detailed commercialization road map.
- Not understanding the need for an experienced management team.
- Not understanding the expectations and requirements of potential investors.
- Not understanding how to acquire appropriate channels of distribution given the product/service.
- Not understanding the amount of resources needed to overcome the funding ” Valley of Death.”
We have 20+ years of experience in various technologies and are Certified Technology Consultants so we understand the entire Commercialization process. We have helped hundreds of clients through this process and can help you. This includes preparing you to acquire traditional and/or investor funding, as well as assistance with the SBIR grant application process. Let us help you move your technology commercialization efforts forward.