Goldsmith Technology Commercialization Model
| Technical Market | Market | Business | |
|---|---|---|---|
| CONCEPT PHASE | |||
| Stage 1 Investigation |
Step 1 Technology Analysis |
Step 2 Market Needs Assessment |
Step 3 Venture Assessment |
| DEVELOPMENT PHASE | |||
| Stage 2 Feasibility |
Step 4 Technical Feasibility |
Step 5 Market Study |
Step 6 Economic Feasibility |
| Stage 3 Development |
Step 7 Engineering Prototype |
Step 8 Strategic Market Plan |
Step 9 Strategic Business Plan |
| Stage 4 Introduction |
Step 10 Business Start-Up |
Step 11 Pre-Production Prototype |
Step 12 Market Validation |
| GROWTH PHASE | |||
| Stage 5 Growth |
Step 13 Production |
Step 14 Sales and Distribution |
Step 15 Business Growth |
| Stage 6 Maturity |
Step 16 Production Support |
Step 17 Market Diversification |
Step 18 Business Maturity |