The Innovation Process - Technology Evaluation

Technology evaluation specialists within Commercialization Services evaluate research innovations to help choose the most appropriate commercialization pathway.  This evaluation involves the innovators throughout the process, and begins with the filing of an invention disclosure form.

Among factors evaluated are:

• Patentability of an invention
• Size and dynamics of its potential market
• Readiness of the invention for the marketplace
• Potential competition
• The invention’s competitive advantages
• The innovators’ level of interest in entrepreneurship

The evaluation process leads to development of a “commercialization pathway assessment” that maps the steps expected to be required for commercialization.  For innovations that will lead to formation of startup companies, this information can serve as the foundation for a business plan.  The assessment may include:

• Key next steps and milestones
• Estimated funding requirements
• Anticipated regulatory pathway
• Technology synergies
• Value proposition
• Competitive positioning
• License or startup focus 

The technology evaluation process helps Georgia Tech make more efficient use of resources, develop more effective licensing opportunities, and produce more sustainable startup companies.