What shall be the possible ways of commercialization if the technology is not in final product form but under development?
If the technology is under development, then entrepreneur takes up higher risk by investing in such technology, hence his/her technology acquisition cost would be lower than what entrepreneur could have acquired after product development. In other words, the entrepreneur can reduce his/her cost if opportunity is sensed in early stages.The other advantage of early stage handshake would be that the entrepreneur could guide the development process as per his/her perception of market requirements. This would help him/her ensure development of a ‘win’ product.
