Stages of the process of commercialization innovations

Abstract

Process steps innovations commercialization with technological, legal and financial point of view are discussing in this article. Commercialization process covers the entire life cycle of product innovation, it is accompanied by an increase in the efficiency using of the product, the discovery of new mineral properties, the expansion range of customers and markets. From a legal point of view, there is the fixation or transfer of rights (full or partial) of product innovation at different stages of the commercialization process. From a financial point of view, the innovations commercialization is seen as an investment project. For each stage of the process risks and required funding levels are estimated, future prospects of investing are projected, sources of investment is chosen.