An Invention Is not an Innovation

George Vekinis
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George Vekinis: National Centre for Scientific Research Demokritos

Chapter 5 in The Researcher Entrepreneur, 2023, pp 25-28 from Springer

Abstract: Abstract An invention does not a valuable innovation make without hard work. It is very rare for an early-stage technology – i.e., at the invention stage – to be commercialised successfully. In the vast majority of cases, all inventions – i.e., ideas whose concept has been proof-tested and developed as inventions – need to be further converted to innovative products or services by a transformation process. It’s well-nigh impossible to succeed in the market without effective protection, without validated technical feasibility for the particular application, without careful field testing and scaling up and especially without techno-economic viability validation.

Date: 2023
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DOI: 10.1007/978-3-031-44358-9_5

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