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Elements of Commercialization Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Commercialization is the process of transitioning technologies from the lab into products in the marketplace to create financial value. Here are the key elements of the commercialization process: Assessing the technology. This includes identifying the commercial potential by examining multiple markets, applications, and use cases. Checking feasibility. This includes a review of the capabilities of the technology and its performance in a set of applications. Building a prototype. This includes making a minimum viable product to test capabilities and check interest with customers and investors. Researching the market. This includes identifying existing competitors and potential customers. Setting up intellectual property. This includes filing patents, trademarks, and copyrights in addition to setting up trade secrets. This may also include licensing the technology from others. Raising funding. This includes sources such as grants, custom build contracts, angel investors, and other sources of capital. Selling the product. This includes negotiating the price and closing the sale of the product with customers. Delivering the product. This includes building the final product and shipping it to the customer. Consider these steps in commercializing your technology. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .