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

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Proceedings titleCanadian Conference on Electrical and Computer Engineering
Conference2011 Canadian Conference on Electrical and Computer Engineering, CCECE 2011, 8 May 2011 through 11 May 2011, Niagara Falls, ON
Article number6030728
Pages15591562; # of pages: 4
SubjectBusiness models; commercialization; Global market; Gross margin; Key elements; National Research Council; Product sales; Technology companies; University research; wireless communications; International trade; Patents and inventions; Product development; Profitability; Wireless telecommunication systems; Industrial research
AbstractThe 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. © 2011 IEEE.
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AffiliationNational Research Council Canada (NRC-CNRC); NRC Industrial Research Assistance Program (IRAP-PARI)
Peer reviewedYes
NPARC number21271379
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Record identifier8ce70af3-e1d2-4367-b791-271df287ad8d
Record created2014-03-24
Record modified2016-05-09
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