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The purpose for funding the research is to generate results that will have a positive societal benefit. This goal can only be met if the technology is successful and if it is commercialized, or brought to market. Most research and development firms have limited experience with commercialization.
Therefore, commercialization planning will require consistent attention concurrent with the development of the technology.
Before writing this section, articulate the following items, jotting them down in a word file. You will see that in the first paragraph they talk honestly about their experience with commercialization.
In the second paragraph the commercialization strategy is articulated with a brief explanation provided. Finally in the last paragraph the individual that will be responsible for spearheading the commercialization activity is identified and the role that they will play clarified.
The next section to consider is the intellectual property or IP section. Begin by reviewing the intellectual property section in the example provided by DOE. You will see that the author shows evidence of having explored the patent literature. The author states what has been found, and then presents the IP strategy that the company will utilize to protect their intellectual property.
It is important to consider that there are multiple ways to protect intellectual property. Although patents are often used to protect intellectual property — when it comes to software and algorithms it is more common to use a combination of copyright and trade secrets because of how rapidly things change.
Be sure to consider what the appropriate forms of IP protection are for your intellectual property. Sometimes companies present excuses as to why they are not protecting their IP via patents, when this is the appropriate course of action.
Often the reason presented is lack of funds. Also, keep in mind that if you plan to license your IP to another — intellectual property protection is very important.
Before drafting the Intellectual Property section, follow the same approach as you did with the company section. Jot down information regarding the following items in a Word document After you have prepared your notes, draft the intellectual property section.
The Market Opportunity section is much more difficult to draft, as it relies on gathering information from other sources. Please keep in mind that at Phase 0 you are asked to take an initial look at market opportunity.
At this point you are taking a very quick, somewhat superficial look at the market opportunity. There are various ways that you can approach this challenge. First, the concept of market implies the potential number of entities that have problem X or could benefit from product Y.
Market opportunity is expressed in dollars or units.A GUIDE FOR PROPOSAL WRITING INTRODUCTION The staff of the Division of Undergraduate Education (DUE) at the National Science Foundation A good proposal stems from a good concept.
The best proposals are those to which the reviewers respond, “Of course, I wish I had thought of that!”. Study online. By learning the skills of plain English and Business writing, you immediately improve your employment prospects and increase your ability to advance within your organisation to more responsible positions.
writing a business plan can help to move you to action by breaking down a seemingly insurmountable task (starting a business) into many smaller, less intimidating tasks. Road Map Once you have started your business, a business plan can be an.
$ to $ per square foot is considered moderately profitable and therefore a good investment. Total start up costs will be $,, $, of which will be contributed by the Business Objectives The primary objectives of the business plan for Restaurant are below: • To be the premier home-style restaurant in western Fort Worth.
Business plans - download free templates and get help writing a business plan. The process of writing your business plan will clarify what is involved in making your business work successfully. with focused marketing, which you will read about in our plan.
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