It has long been conventional to distinguish between invention (the idea creating a new product or process) and innovation (the application of the idea in a commercial setting). The process of commercialising technology is now seen as a much more complicated process, involving technical feasibility testing, commercial development and design as well as other issues. Technological development is a continuous, dynamic process and constant reinvestment in updating technology is essential.


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Copyright information

© Peter J. Buckley, Jaime Campos, Hafiz Mirza and the estate of Eduardo White 1997

Authors and Affiliations

  • Peter J. Buckley
  • Hafiz Mirza

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