Commercialization is an important aspect of the economic development of the world's leading countries

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

The last decades have been distinguished by a significant process of international integration in the economic sphere. World practice shows that the most effective means of promoting research and development (R&D) are mutually beneficial commercial relations between all participants in the transformation of the result of scientific activity into a commodity. This method is called commercialization. In it, absolutely all participants in the process, from the developer to investors, are economically interested in quickly achieving success from the use of new developments (to achieve the best result, it is advisable to apply for services to the commercialization center).

What is it in the modern sense?

Commercialization is building a business that is based on the results of scientific and technical research, and in which the authors of the developments themselves most often participate. The essence of the process is building a business that will generatestable financial relationships. Commercialization is often thought of as a process of finding and attracting investment to continue research and development.

The commercialization process needs a mandatory feedback component. It is possible to get an economic result from scientific development only if it increases someone's competitiveness. At the same time, it is necessary to convince the end buyer of the expediency of such a choice, and thereby increase not only your profit, but also the seller's.

Technology commercialization

This is a mutually beneficial relationship of all participants involved in the creation of a marketable product from intellectual property (IP) items for profit. In a number of developed countries, technology commercialization is the foundation of competitiveness in its global sense. These states are making every effort to develop knowledge and innovation.

technology commercialization.

Commercialization of market innovations

This is one of the most important conditions for the development of the innovative economic sphere of activity of all mankind. Application of innovativemarketing is an important part of commercialization, which makes it necessary to study it. It is the innovative path of development that will eventually become a way out of the crisis in which the world economy is involved. First of all, the state, science, competition, as well as specialists in the field of innovative marketing are responsible for solving this problem.

Commercialization is not just an activity that aims to develop and promote innovative products on the world market, but also that is due to the same actions in relation to marketing innovative approaches that are intended to organize proper market activities.

It should be distinguished that an invention is a new product, and innovation is a benefit that will be received by consumers. Therefore, inventions must be in demand on the world market, then investors and the inventor himself will receive the expected benefits. Commercialization is not a substitute for the concept of marketing, it is a paradigm of innovative marketing activities, as it is associated with the formation of the market, its transformation, management of the life cycle of a product, product or company.

Main purposes of using intellectual property

Two main goals can be distinguished:

• 

  export (sale) of technology as the ultimate goal of patenting;

• sale (export) of goods of own production.

The following can be noted as the main criteria for the expediency of patenting:

• economic efficiency;
• technical characteristics of the object;
• availability of demand and sales market;
• know-how;
• significance of the invention for the development of science and technology;
• improving competitiveness.

Today, the problem of improving commercialization mechanisms is one of the most important aspects of economic development.