Creating Intellectual property is the first and most vital step, but how you motivate staff to come forward with their ideas, how you reward them, how you help them to develop makes the difference between success and failure.
Technology requires appropriate investment to grow. establishing the right funding structures at the right time is essential.
Is acquiring technology more appropriate? Sometimes buying part developed technology and growing it is a quicker and more appropriate route. There are many under funded, under regarded technologies looking for a suitable base to be nurtured.