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The nanotechnology industry is a fast growing industry with many
unique characteristics. When bringing the results of nanotechnology
research to the market, companies and universities run into
unforeseen problems related to intellectual property rights and
other legal and regulatory issues. An effective commercialization
of the results of research requires basic knowledge of the relevant
issues and a well-defined strategy, while the absence of such
knowledge and strategy can be detrimental to the commercial
potential of any invention. Even the most impressive scientific
achievements can become a commercial failure due to a lack of
understanding and strategy relating to the legal and regulatory
issues surrounding the commercialization of a technology.
Small and Medium Enterprises (SMEs) have to approach open innovation differently than large companies. This practical guide on open innovation is expressly for entrepreneurs and managers in SMEs. The authors provide strategies, techniques, and "tricks of the trade" enabling SMEs to practice open innovation systems profitability and enhance the long-term value of their company. Included are tools such as brokers, auctions, crowdsourcing, technology transfer, and spin-ups, making it useful for people already in business, starting businesses, or seeking supplemental material for courses.
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