137 IP and Commercialization | Synopsis

This module asks us to start thinking about how research can be brought to market. How can its purpose be successfully communicated to industry, end-users, and society in a way that it can be quickly and efficiently adopted into public use while generating a profit?

There are many factors to consider in determining commercialization potential of research and inventions, among those considerations are:

• What real world problems does it address?
• How is it solving that problem?
• What impact could it have?
• Who would be interested in using it?
• Would someone pay to use it?
• What costs are involved?
• Do other inventions exist to solve the same problem?
• What are the barriers that need to be removed before fully commercializing the product? (i.e., regulatory, safety and efficacy testing, patents, etc.)