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ISTC Commercialization Support Procedures and Results

ISTC Goals from Commercialization viewpoint. Reinforce the transition to the market economyRedirect former WMD scientists of Russia/CISHelp integrate WMD scientists into the global scientific communityContribute to solving national/international science

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ISTC Commercialization Support Procedures and Results

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    1. ISTC Commercialization Support Procedures and Results Tero Varjoranta Manager, Sustainability Programs

    2. ISTC Goals from Commercialization viewpoint Reinforce the transition to the market economy Redirect former WMD scientists of Russia/CIS Help integrate WMD scientists into the global scientific community Contribute to solving national/international science & technology problems

    3. What is Commercialization? Turning ideas into marketable products Bringing technologies to market Parallel activities: Marketing, technical, business, & legal Basic ways to do it: Take an inventory of intellectual property Buy/sell technology outright License it Start your own company based on license from an Institute, Spin off a company from your organization Establish a Joint Venture Establish a strategic partnership or alliance with a larger company Whatever way you choose, solid business planning is a must!

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