How can you create R&D inventions that are both technically feasible and commercially viable?

Another way to identify opportunities is by looking at the advantages new or advanced manufacturing technology can bring to a particular product or situation. Some previous unmet needs or what was previously not commercially viable may come into focus, therefore continously scanning manufacturing technology advances is useful.

Finding ideas and answers to current issues can often be aided by observation and keeping an open mind to new possibilities, as it is occasionally feasible for an existing technology to meet a different need. The next stage after coming up with a concept is to assess if it would be profitable and beneficial to the identified need, as well as how practical the change or adaptation would be.

Once the idea has been developed, the next step is to study the technical-economic viability of that idea, in such a way that you can know if it will be useful and profitable enough to move forward in its development. According to this analysis, it can be evaluated if it is viable, if it has opportunities for improvement or simply does not work, at least with the current conditions of needs and existing technological developments.

Transforming R&D into commercially viable products requires blending technical feasibility with market readiness. Begin by clearly communicating your invention's unique advantages to key stakeholders like investors, industry partners, and potential consumers. Engage deeply with market research to align your invention with current trends and demands. Utilize tools such as patents and working prototypes to effectively convey your invention's value proposition. The final step involves crafting a comprehensive go-to-market strategy. This includes careful consideration of pricing, distribution channels, and strategies for user adoption. By meticulously addressing these aspects, you bridge the gap between innovation and market success.

Two streams are a must in this matter. 1. Giving insights on Manufacturing perspective to R & D leadership will make Inventions more usable at an early stage 2. Patenting is an important aspect that will be commercially viable in the long term.. So this wing of invention should continue towards new ideas..

The flow presented above should not dissuade one from thinking in the reverse way either. Finding additional use for an existing feasible technology can be fruitful. In an industrial setting, it should nevertheless be ensured that there is an adequate return on investment.