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Technology assessment is future-
The information technology age has overshadowed the innovation in other areas of
the economy. A modern pharmaceutical and biotechnology industry had been established
in parallel. Solar and alternative energy advances have resulted in efficient, competitive
and cost effective solutions. Nano technology (NT) is now the rage. NT is the concept
of engineering functional mechanical systems at the molecular scale to provide smart
materials such as artificial drugs that can target and render specific viruses inert.
Another example are materials that seamlessly repair small tears in a surface in
the same way as human skin or self-
Determining a technology’s commercial potential requires thorough assessments of that technology and its prospective market.:
- Determine the technology's competitive advantages. Is it Novel or Derived.
- Separation of true potential from hype. Can it be monetized? From laboratory to Market.
- Patent protection -
are there prior publications that make patenting difficult? - Determine ability of innovators to support commercialization efforts
- Market intelligence to line up with planned features & Services
- Determine market size and market trends including acceptance.
- Capital requirement and partnership strategy.
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