Research commercialization is the process of turning scientific discoveries and innovations into marketable products or services. This involves taking ideas developed in academic or research settings and transforming them into practical applications that can benefit society. By bridging the gap between research and industry, researchers can create new technologies, improve existing products, and drive economic growth.
To successfully commercialize research, collaboration between universities, businesses, and government agencies is often essential. This partnership helps to secure funding, protect intellectual property, and navigate regulatory challenges. Ultimately, research commercialization not only enhances innovation but also contributes to job creation and improved quality of life.