Commercialization of university research in Canada: An NRC/IRAP perspective

Author

Dube, V. ; Lisk, Durodami

Author_Institution

Ind. Res. Assistance Program, Nat. Res. Council, Ottawa, ON, Canada

fYear

2011

fDate

8-11 May 2011

Abstract

The National Research Council´s Industrial Research Assistance Program (NRC-IRAP) is one of several Government of Canada programs that seek to bridge the gap between invention and successful commercialization. In order to successfully bring an invention to market, several key elements must co-exist: 1) the invention itself, 2) a viable and addressable market to consume the invention, 3) sufficient funds to convert the invention into a product, 4) a viable business model with acceptable gross margins to generate sufficient profits from product sales and 5) the people with the passion to transition the invention into a product. NRC-IRAP´s considerable experience in supporting small technology companies has enabled it to more effectively identify and recognize the issues that these new firms must address before they can succeed in the market. This, in turn, has allowed NRC-IRAP to develop innovative support pillars that help new firms succeed.

Keywords

innovation management; market research; research initiatives; Canada; NRC-IRAP; National Research Council Industrial Research Assistance Program; addressable market; gross margins; invention-product transition; product sales; profits; university research commercialization; Commercialization; Communities; Companies; Educational institutions; Government; Technological innovation; commercialization; global markets; product development; wireless communications;

fLanguage

English

Publisher

ieee

Conference_Titel

Electrical and Computer Engineering (CCECE), 2011 24th Canadian Conference on

Conference_Location

Niagara Falls, ON

ISSN

0840-7789

Print_ISBN

978-1-4244-9788-1

Electronic_ISBN

0840-7789

Type

conf

DOI

10.1109/CCECE.2011.6030728

Filename

6030728