Commercialization is an important aspect of the economic development of the world's leading countries

The last decades have distinguished themselves by a significant process of international integration in the economic sphere. World practice shows that the most effective means of promoting research and development (R & D) are mutually beneficial commercial relations between all participants in the transformation of the result of scientific activity into a commodity. This method was called commercialization. In it, absolutely all participants of the process, from the developer to the investors, are economically interested in the rapid achievement of success from the use of new developments (for the best result it is advisable to apply for services to the commercialization center).

What is this in the modern sense?

Commercialization is the construction of a business that is based on the results of scientific and technical research, and in which the authors of the developments most often participate. The essence of the process is building a business that will form stable financial ties. Often believe that commercialization is a process of searching and attracting investments for the continuation of research work.

The process of commercialization needs an obligatory component of feedback. You can get an economic result from scientific development only if it increases someone's competitiveness. At the same time, it is necessary to convince the final buyer of the expediency of such a choice, and thereby increase the profit not only of its own, but also of the seller.

Commercialization of technology

This is a mutually beneficial relationship of all participants involved in creating a market product from intellectual property (IP) items for profit. In a number of developed countries, the commercialization of technology is the foundation of competitiveness in its global understanding. These states make every effort to develop knowledge and innovation.

The forms that fix the commercialization of intellectual property include licensing agreements for the use of technical documentation , permission to use know-how, contracts, as well as subcontracts for joint R & D, investment agreements, which are registered by the Center for Commercialization of Technologies.

Commercialization of market innovations

This is one of the most important conditions for the development of the innovative economic sphere of the activities of all mankind. The use of innovative marketing is an important part of commercialization, which makes it necessary to study it. It is the innovative way of development that will eventually become a way out of the crisis, in which the world economy is involved. First of all, the state, science, competition, as well as specialists in the field of innovative marketing, are responsible for solving this problem.

Commercialization is not just an activity that is aimed at developing and promoting innovation products in the world market, but also because of the same actions with respect to marketing innovative approaches that are designed to organize market activity proper.

It is necessary to distinguish that the invention is a new product, and innovations are the benefits that consumers will receive. Therefore, inventions should be in demand in the world market, then investors and the inventor will receive the expected benefits. Commercialization is not a substitute for the concept of marketing, it is a paradigm of innovative marketing activity, because it is related to the formation of the market, its transformation, product life cycle management, product or company.

The main objectives of the application of intellectual property

There are two main objectives:

• Export (sale) of technology as the ultimate goal of patenting;
• Sale (export) of own production.

As the main criteria for the feasibility of patenting, we can note the following:

• Economic efficiency ;
• Technical characteristics of the object;
• Availability of demand and market;
• Know-how;
• The significance of the invention for the development of science and technology;
• Increase of competitiveness.

To date, the problem of improving the mechanisms of commercialization is one of the most important aspects of economic development.