“TEC” is short for “Technology Entrepreneurship and Commercialization,” and the TEC Algorithm is a series of highly structured commercialization tools. It is designed specifically to help firms cross the so-called “Valley of Death” that occurs at the front end of innovation when promising technologies fail to generate any commercial rewards.
The TEC Algorithm delivers unique capabilities to businesses in their attempts to drive innovation and commercialize new technologies. It avoids the commonplace practice of crushing promising ideas in the maw of linear gate-driven evaluation processes and is explicitly iterative and developmental. By focusing on what is knowledgeable and discriminating at early stages of the commercialization process it creates structured processes that improve:
- and creativity
It provides a tool set that managers – even those with very limited commercialization experience can use to make effective investment and product development decisions and to rationalize their organizations’ innovation processes.
The TEC Renaissance is a shift in focus to embrace the need to systematically manage the front end of innovation for development of new technology-enabled services and provide systematic processes and tools both to teach effective approaches and also to structure corporate service development processes. It builds from cutting edge research and best practices in sustainability.
Find out how the TEC Algorithm can transform your business. Contact CIMS for more information.
Related Articles in the CIMS Innovation Management Report:
- CIMS Tools and Big Data Analysis Drive Breakthrough Innovation for Industrial Organizations (Fall 2012)
- Ply Gem Vets New Innovation Methodology (Fall 2012)
- Crossing the Valley of Death 2.0 (Winter 2012)
- Crossing the Valley of Death Gets Easier (Spring 2011)
- New Centers of Innovation Gear Up to Spur NC Biotech Development and Commercialization (Spring 2010)
- CIMS Past Research Highlights: Benchmark Universities for Tech Transfer with Companies, Performance in Diverse Work Groups, Mana (Spring 2010)
- Learning to Manage Breakthrough Innovation (Fall 2009)
- The CIMS Executive Director’s Column: The Power of “Impedance Matching” Dialogue (Spring 2009)