Commercialisation Process - ITEK - The Commercialisation Company of the University of South Australia
Commercilisation Process
Most research requires additional support, funding, business, legal and financial experience to successfully develop and bring to market. ITEK utilises a commercialisation process geared towards readying the technology for market entry as each stage of the process is passed.
In broad terms, a new technology or idea progresses through the following major phases:
Process Details
Click on the stages on the image on the left to view details
Ongoing market and industry validation continues as further refinement of the technology is undertaken. In many instances this is in collaboration with potential third-parties, including industry partners and investors. If needed an additional round of capital rising may be undertaken.
A business plan including the deal structure and funding required to bring the technology to market is constructed. Industry partnerships via Licensing or a JV deal are negotiated or a Start-up company is formed to move the technology forward.