commercialization of technology

Commercialization of technology is the process of taking a new innovation or invention from the development stage and making it available for practical use in the marketplace. This involves refining the technology, protecting intellectual property, and developing products or services that meet consumer or industry needs. The goal is to ensure the technology can be produced at scale, marketed effectively, and generate economic value. Essentially, it transforms research and ideas into tangible solutions that benefit society while creating business opportunities and revenue.