US Screening and Evaluation System of Inventions Utilized in Hungary

Kovács, Katalin (2013) US Screening and Evaluation System of Inventions Utilized in Hungary. Vezetéstudomány - Budapest Management Review, 44 (10). pp. 24-36.

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The commercialization of inventions is very complex and challenging therefore it requires the collaboration of several actors in an economy. Even when an invention possesses significant added value, its successful commercialization could only be executed in a stable macroeconomic and innovation environment and also if proper innovation management expertise is provided. ValDeal Innovations Zrt. was established to foster the commercialization of Hungarian, high business potential inventions by providing its business expertise. The company used an – already in various markets and countries probed – US innovation management method consisting of the tasks of technology evaluation as well as the commercialization of inventions. There were major changes necessary while probing the US method residing in the different macroeconomic circumstances and the attitudes for innovation in Hungary. The article details the above mentioned issues together with the conclusions the members of ValDeal have drawn during the innovation management process.

Item Type:Article
Uncontrolled Keywords:business potential, commercialization, invention, innovation management, technology evaluation
Subjects:Knowledge economy, innovation
ID Code:1354
Deposited By: Ádám Hoffmann
Deposited On:18 Oct 2013 12:02
Last Modified:21 Dec 2018 15:18

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