Commercializing Nanotechnology

3

Commercializing Techniques

3.1   Introduction

Commercializing concepts begin with applying appropriate techniques in developing the strategy, plans, and programs. First, it is important to assess whether the technology is ready for commercializing. So, the technology readiness assessment methodology and techniques are introduced. Once the technology is considered ready, then it can be moved from the research labs to prototyping and testing. Prototyping design requires technical readiness and financial strength. Most often, technology developer has to borrow money for this phase of the program. Private and commercial lenders require that the technology developer (borrower) is capable of providing colateral (security) and will be able to repay ...