The objective of Paragon Solutions' technology transfer and commercialization activities is to proactively explore the technological environment in search of concepts, ideas, and research that, taken independently or in some combination, can be used as a basis for new product ideas with high potential for commercialization. The days when being big was sufficient to be successful are gone. Strategic alliances among partners of all sizes enable global marketing, manufacturing, and distribution.
Global competition continues to put pressure on cost.
Today, developers of innovative technology are often found outside the larger businesses. Sources of innovative technology include entrepreneurs, inventors, universities, government agencies, and small businesses. The ability of an organization to focus its technologically-based energies on commercialization are usually hampered by corporate culture, organization, time, and energy. Paragon Solutions secures agreements with companies who are the owners of technology viewed as having commercial potential. The agreement addresses the rights and rewards of both parties and establishes for the owner of that technology a level of credibility with respect to potential value.