Best ways to commercialize academic and research inventions Real life case: Carving ski Background of the invention Problem: skidding during skiing Assumption: edge grip too low Result: no real solution New assumption: No skidding = every point on ski edge travels trough single point on ski slope Result: cut skidding is geometry problem = side The story Chronology: 1988 – idea + proto 1989 – first use in competition 1990 – stop of the project 1991-1993 guerilla marketing 1993 – first attempt to start production 1994 – first production run 1995 – start of market penetration 1996 -1999 increase to 90% of all skis sold 2000 – World Cup racing 2000+ - industry standard Key factors in success Luck Persistence No legal protection Functionality recognized by beginners All big players were involved What can we learn? There is no single rule how to do it Inventive product needs inventive marketing Market is owned by big players, not by you! Employeees Inventory Customers What can we learn? Experts are not necessarily experts, if they get paid for their expertise Public funding in not crucial, but can help Beware of side effects Not all benefits are financial
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