Technology Life Cycle
The Stages of Technology Life Cycle
Innovation
Syndication
Diffusion
Substitution
Innovation Stage
It Represents the Birth of a newproduct, Material (productrecovering from R&D activities)
New Ideas are generated on the‘Need Pull’ and ‘Need Push’knowledge.
The Time Taken in the InnovationStage as well as in the SubsequentStages varies Widely.
Syndication Stage
It Represents the Demonstration of anew product (Pilot Production
Commercialization of a New Technology(product, Material or Process) withpotential for a immediate Utilization.
Very Small Percentage isCommercialized.
Commercialization Depends onTechnical & non Technical Factors.