TECHNOLOGY INNOVATION CHAIN

Invention is either a concept of a creation of a novel technology. It

could be a product, a processor a previously unknown system.

Innovation is the creation of a product, service, or process that is new

to an organization. It’s the introduction into the marketplace, either by
utilization or by commercialization of a new product, service or process
 Invention

Scientific
Innovation
Discovery

Market

.
 CONCEPT DEFINITION
• Conceptual definition
TECHNICAL ANALYSIS
of product or service
Resources required
• Setting technical goals
IDEA GENERATION Resources available
and priorities
• Recognizion of need Time frame for
• Setting expected
• Alternative ways to development
performance
meet the need
• Analysis of alternative
solutions
• Selection of best Approval by
solution and criteria top management
for selection
• MARKET ANALYSIS
•Proposal for
• Defining the market
implementation BUSINESS PLAN
• Analysis of current and
• SWOT
future needs
• Economic Analysis
• Know the customers
• Capital
• Know the competitiors
• Strategic outlook
• Window of opportunity

FULL PRODUCTION AND TEST MKT

COMMERCIALIZATION • Strategy for DEVELOPMENT
• Production market • Prototype
DISPOSAL
• Tooling introduction • Testing
• Environmental
• Operation control • Marketing innovations • Start up needs
consciousness
• Supply organization • Timing
• Logistics • Measuring response