Innovation is the creation and successful implementation of new ideas and inventions that make a real difference through the generation of tangible outcomes with social and/or financial value.
An important distinction is normally made between invention and innovation. "Invention is the first occurrence of an idea for a new product or process, while innovation is the first attempt to carry it out into practice".
Technology Transfer is core to RC&I's activity where the team helps the innovators to mature their technologies through different Technology Readiness Levels using the different Funding sources that are available. Ultimately the technologies are developed to a point where they are sufficiently de-risked that they attract a commercial partner's interest in licensing the technology or where funders will invest in a spin-off company that is the preferred commercialisation route.
What is Technology Transfer?
