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| Market & Technology Assessment |
Determining a technology’s commercial potential requires thorough assessments of that technology and its prospective market. Drawing on its vast network of databases, search tools, science and engineering experts and other resources, the NTTC has developed a multi-level assessment menu that is tailored to meet an individual client’s assessment needs, whether they include a quick one-page evaluation, a comprehensive review or anything in between. Assessments can include any or all of the following information:
- Description of technology
- Technological stage of development (Technology Readiness Level (TRL))
- Determination of application area/s
- Categorization by application area by using Industrial Classification or Intellectual Property Classification Taxonomies
- Identify similar research and development activities
- Identify similar intellectual property
- Identify similar products
- Determine intellectual property advantages and barriers by comparison
- Determine the technology's competitive advantages
- For each application area:
- Determine market size
- Determine market trends
- Characterize market and determine interest
- Identify potential partners
- Qualify potential partners
- Determine potential market penetration
- Determine ability of innovators to support commercialization efforts
- Identify subject matter experts
- Conduct Interviews
- Provide recommendations based on findings
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