Your technical description helps us to intelligently discuss your technology with others. Your industry contacts are the natural places to start asking questions. You, more than UTI, will know the competitors to your technology. When an industry contact needs more technical information than we can give, we need you to step in and provide the details. The Chance of Success - Developing and commercializing new technologies carries a high level of risk.
Few inventions make it to the marketplace.
Only two per cent ever recover their costs and even fewer turn a profit. It is vitally important that we work together to commercialize a technology that shows promise. At the same time, because resources are scarce, we must quickly decide whether a technology should or should not be abandoned as a commercial venture. It is a waste of our collective time and money to pursue a project which has little chance for success. An average technology takes from two to four years to commercialize from the prototype stage.