... also important to relieve the public financial resources. Often mentioned activity uses the term commercialization of knowledge. The results of academic and research activities are not directly applicable in practice. For example, the patents themselves or their number regarding economic value does not mean anything. From an economic point of view, it is considered usable and practical ... . The development phase consists of physical and laboratory research focused on improvement, development and adaptation of selected technologies from the research phase to the end user requirements. Th...

• Word Count: 7284
• Approx Pages: 29
• Has Bibliography
• Grade Level: Undergraduate