Innovation Modelling: Understanding the Fundamentals of the Transformation of Research to Innovation

Innovation represents a challenge for research teams, SMEs, large industries and economies in general, as it is viewed as a catalyst for competitiveness in an increasingly competitive world. Reaching significant research results and achieving technological progress does not by each own create a competitive advantage. A further step is needed in order to transform research to innovation and turn research results into innovative products and services. Building a model for innovation helps towards understanding the fundamentals of the research to innovation transformation process.