"Monetizing Innovation"

"Monetizing Innovation" refers to the strategic process of turning new product ideas or features into revenue. It involves setting the right price, designing the business model, and determining the optimal way to sell and deliver the innovation to customers. Effective monetization ensures that companies not only develop valuable innovations but also successfully generate profit from them. This approach balances innovation with commercial viability, helping businesses maximize the financial return on their investments in new products or services.