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Critical Milestone 3: The Industrial Prototype and Validation of Economic Viability

In: Mastering Technology Transfer: From Invention to Innovation

Author

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  • George Vekinis

    (National Centre for Scientific Research Demokritos)

Abstract

Stages 7 and 8 are where the real industrialisation preparations and assessments take place, after the scaling-up operations and final technical optimisations have been completed. The first question to be answered is whether or not the scaled-up prototype (produced and tested in Stage 6) is able to provide reliable industrialisation and the cost parameters needed to be able to achieve Critical Milestone 3 and also for the design and building of the final industrial technology in Stage 9. Following this, the economic viability of the technology will finally be assessed with regard to the finally adjusted and optimised industrial prototype.

Suggested Citation

  • George Vekinis, 2023. "Critical Milestone 3: The Industrial Prototype and Validation of Economic Viability," Studies on Entrepreneurship, Structural Change and Industrial Dynamics, in: Mastering Technology Transfer: From Invention to Innovation, edition 2, chapter 0, pages 181-191, Springer.
    • Handle: RePEc:spr:seschp:978-3-031-44369-5_15
    DOI: 10.1007/978-3-031-44369-5_15
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