What is technology commercialization?

Technology commercialization is the process of turning new technologies, inventions, or research breakthroughs into marketable products or services. This involves evaluating the commercial potential of innovations, securing intellectual property rights, developing business strategies, and facilitating partnerships or licensing agreements. The goal is to move ideas from the laboratory or research phase into the marketplace, where they can benefit society and generate revenue. Technology commercialization often requires collaboration between inventors, universities, businesses, and investors.