Factors influencing the commercialization of R&D results and innovation

The process of innovation goes through a number of stages starting from the laboratory inventions and ending with the new products and processes appearing on the market. This process involves several stakeholders, which enable the commercialization of innovation to occur. The major stages and actors involved in the innovation process are presented schematically in Box 1 and Box 2. While Box 1 illustrates a traditional ("linear") model of innovation and commercialization, Box 2 highlights an interactive or "feedback" approach to these processes.

Related Subject(s): International Trade and Finance