Multiple paths from lab to retail business

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IN my previous article titled “Commercialisation of Biotechnology Research Outcome” we spoke about one form of commercialisation which bio-technology researchers can take. In this easy we cover various forms of commercialisation available to bio-technology research.

Advantages of Commercialisation

When commercialisation occurs on research and development, it will develop a great place- Knowledge Centre, where knowledge sharing will be occurred. Commercialisation helps in improving the technologies accordingly where it creates new market as well as develops the needs of the consumer. In long term, commercialisation can help in sustaining economic growth in the future development as well as commercialising new technologies.Thus, commercialisation helps in maximising the unique resources, expertise, technology, facilities etc.