What is a Disruptive Technology?
First of all, a Disruptive Technology is not a new technology. It is a niche market application of previously abandoned technology that results in development of the technology without the broader market recognizing its potential. The Disruptive Technology is not competitive in the dimension measured by the dominant paradigm. However, the Disruptive Technology offers a dramatic improvement in some other dimension and development eventually minimizes the disadvantage the Disruptive Technology possesses in the original dimension. When the Disruptive Technologys advantage in the new dimension overshadows its disadvantage in the old dimension in the eyes of the market, a Paradigm Shift occurs that completely redefines the market.
Related Questions
- Is a submission based on identifying the distinct advantages of a disruptive technology over the current state of the art acceptable?
- If the proposals are indeed focused on disruptive technology, how come the submission guidelines still require so much detail?
- How can companies take advantage and participate, directly or indirectly, in the TRLabs Disruptive Technology Challenge?
