Innovation Centers support the Inventions

Very few ideas are immediately ready for the markets – inventions must be developed into marketable products. During their early life, inventions must be taken care of, just like plant seedlings, to allow them to grow and develop. Often several projects should be under way simultaneously, because all of them will not be successful. The development phase requires plenty of creative effort, know-how and financial resources, for which outside expertise or expertise organizations are usually needed.  

Assistance in developing an idea into a product for business is often received from an innovation support organization, an Innovation Center (or Fund or Foundation ). These support organizations can be public or private or combinations. These innovation support organizations can also be a part of some other organization or they can be linked for instance with some governmental body, university, Science Park or Technology Center. If there are none, they should be established.

In many countries the government has for many reasons decided to support the patenting and development work of inventions through the Innovation Centers. The support includes often in addition to advising in patenting, product development and commercialization also financial support to cover part of the development costs of the invention. It is also good if private organizations, incubator and licensing services as well as venture capital funding possibilities are linked to the Innovation Center.  

Kari Sipilä