PT716A_Day9_18601917108_commercialization practical aspects

________________ is the process of bringing new products or services to market.

what are the main objectives of Institutional Financial support?

• Diversity income sources

• increase incomes

• prepare rainy days

• develop self-sustainable institution

what are the main objectives of commercialization in Regional economic Growth?

• contribute to develop local economy

• create a local venture valley

• invent innovative and high impact technologies

• improve national competitiveness

what are the roles of contract research organization in case of commercialization aspects?

• translation science and engineering research

• business opportunity idea generation

• technology maturation fund

• IP management and building

which of the following are the common problems related to commercialization?

• overestimating the technology

• patent rejected

• researchers don't invest time that is required

• researchers lose interest over time

____________ involves obtaining permission from a company to manufacture and sell one or more of its products within a defined market area.the company that obtains these rights usually agrees to pay a royalty fee to the original owner.

which of the following are advantages of licensing?

• costs less than buying an entire company

• get to break into a new market with this new product, but with the benefit of the experience gained in another market.

• don't pay for expensive and time consuming research and development

• all of the above

what are the common disadvantages of licensing?

• new technology may become available making the licensed opportunity obsolete

• the agreement may force the licensee to accept restrictions on its marketing

• may lose the capacity to develop its own technology internally

• all of the above

a typical licensing agreement covers which of the following aspects?

• subject matter of the agreement

• granting of right

• licensing obligation

• royalty

which of the following are the needs for internal incubation in licensing?

• maximize value and reduce risk for technology commercialization

• technology is not matured yet for commercialization

• unclear target market or application/product

• need to demonstrate commercial feasibility or viability