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Can Every Idea Be Transformed into an Innovation?

In: Mastering Technology Transfer: From Invention to Innovation

Author

Listed:
  • George Vekinis

    (National Centre for Scientific Research Demokritos)

Abstract

The transformation of an idea to an innovation is crucial for the continual development of our technical civilisation. Nearly every useful and usable idea can be transformed into an innovation. It is this transformation that gives the idea its value and ensures that it can offer support to economic development and is not lost. The transformation process from idea to innovation is arduous, costly and very time consuming—commitment and dedication are crucial, as well as having the right support and collaborators. Preparation, proactivity and excellent management are critical and will ensure a higher chance of success.

Suggested Citation

  • George Vekinis, 2023. "Can Every Idea Be Transformed into an Innovation?," Studies on Entrepreneurship, Structural Change and Industrial Dynamics, in: Mastering Technology Transfer: From Invention to Innovation, edition 2, chapter 0, pages 9-15, Springer.
    • Handle: RePEc:spr:seschp:978-3-031-44369-5_2
    DOI: 10.1007/978-3-031-44369-5_2
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