The Research Delivery Chain Sample Clauses

The Research Delivery Chain. Figure 2.3 gives a visual representation of the route and decision points associated to the process of taking a research output and bringing it to a successful commercial product. There are a number of key milestones in this process, identified by the decision diamonds in the diagram, at which business decisions need to be made which influence the cost and investment of resources necessary to move to the next stage. At the outset of the process it is necessary to understand the commercial objective and the status of the research IP. At any of these stages it must be possible to conclude that the commercialisation is not viable. Once the viability has been established, investment is needed to continue to develop a product, and this is only likely to be forthcoming if a believable business plan has been produced. Only then can license negotiation be undertaken and the process enabled to move on towards developing the technological implementation, testing it in the marketplace as a beta release and ultimately launching the product commercially. The flow diagram therefore illustrates the size of the task - a research output is never actually ready for commercial launch without significant investment - and also demonstrates that there are a number of key decision points and milestones that are encountered, at any one of which it may be determined that the commercial route is no longer viable, and re-negotiation is going to be necessary to avoid wasting investment on a product which will never ultimately be able to repay the cost of resources that went into creating it.
Sample 1
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