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 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 available Funding sources. 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?
