Innovative Technology: Its Development and Commercialization

McNulty, Terry

Organization: Society for Mining, Metallurgy & Exploration

Pages: 14

Publication Date: Jan 1, 1998

Abstract

There are many potential pitfalls in the commercialization of innovative technology, and the failures often are remembered longer than the successes, thereby serving as deterrents to subsequent attempts. Given the dependence of the mineral industry's future on effective innovation, it is essential that we understand the causes of failure. Case histories are presented and the out- comes are analyzed in terms of the driving forces for innovation and the steps taken during development. Industry's current attitude toward and capacity for technological innovation are discussed, and a methodology is suggested for predicting successful innovation.

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