Critical Milestone 2: Validation of Technical Feasibility for Applications

George Vekinis
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George Vekinis: National Centre for Scientific Research Demokritos

Chapter Chapter 12 in Mastering Technology Transfer: From Invention to Innovation, 2023, pp 117-136 from Springer

Abstract: Abstract Stage 5 is where your fully protected invention glimpses, probably for the first time, the real world outside the lab and needs to prove its technical feasibility for a real application. Apart from the technical tests needed to complete the validation, the main task in this stage is to take the decision on whether you should attempt to go it alone, that is, by setting up a start-up company, or to join forces with an implementer to continue the development under a joint venture. Once the tasks in this stage are completed, your technology will have successfully reached Critical Milestone 2 and be at TRL 5.

Date: 2023
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DOI: 10.1007/978-3-031-44369-5_12

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