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What potential challenges might an innovation face in terms of commercialization?
  • a)
    Lack of financial support from the university
  • b)
    Limited access to market validation opportunities
  • c)
    Resistance from established companies to adopt new technologies
  • d)
    Inadequate protection of intellectual property rights
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What potential challenges might an innovation face in terms of commerc...
One potential challenge that an innovation might face in terms of commercialization is inadequate protection of intellectual property rights. Without robust protection measures such as patents, copyrights, or trademarks, innovations may be vulnerable to infringement and exploitation by competitors, hindering their commercialization prospects. Protecting intellectual property rights is crucial for attracting investment, securing partnerships, and maintaining a competitive advantage in the market. Universities like NC State emphasize the importance of intellectual property protection and provide support and guidance to innovators in navigating the complexities of patenting, copyright, and trademark procedures. An interesting aspect is that effective protection of intellectual property rights enhances the commercial value of innovations and enables innovators to capture the full benefits of their inventions in the marketplace.
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What potential challenges might an innovation face in terms of commercialization?a)Lack of financial support from the universityb)Limited access to market validation opportunitiesc)Resistance from established companies to adopt new technologiesd)Inadequate protection of intellectual property rightsCorrect answer is option 'D'. Can you explain this answer?
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What potential challenges might an innovation face in terms of commercialization?a)Lack of financial support from the universityb)Limited access to market validation opportunitiesc)Resistance from established companies to adopt new technologiesd)Inadequate protection of intellectual property rightsCorrect answer is option 'D'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about What potential challenges might an innovation face in terms of commercialization?a)Lack of financial support from the universityb)Limited access to market validation opportunitiesc)Resistance from established companies to adopt new technologiesd)Inadequate protection of intellectual property rightsCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What potential challenges might an innovation face in terms of commercialization?a)Lack of financial support from the universityb)Limited access to market validation opportunitiesc)Resistance from established companies to adopt new technologiesd)Inadequate protection of intellectual property rightsCorrect answer is option 'D'. Can you explain this answer?.
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