Commercializing technology describes the process of developing commercial products based on state-of-the-art technology. Taking engineering technology from high-capital industries and applying it to commercial markets is a daunting task. This tutorial starts with a review of product development and marketing basics. Then, I describe the additional problems of commercializing technology. I will use the example of commercializing an automotive collision warning radar to illustrate the problems associated with taking military-type technology from the high-cost, low- production environment to a viable product for mass production. I describe how to get the most from limited assets, labor, and capital and what to expect when looking for financial assistance from the government, venture partners, and other companies.
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