This book is a practical guide for building a portfolio of interrelated technologies that will dramatically change the way inventors/innovators, investors, technologies, and entrepreneurs approach commercialization of good ideas. It differs from other books published on the topic, because it emphasizes the importance of the innovation team, the wisdom of building a portfolio that spreads risk, and the strong input required from technologists in the successful commercialization process. It can also serve well as a college textbook. In light of the universal need for the entrepreneurial spirit to launch new enterprises, it will serve as an important manual for a diverse group of people. Entrepreneurship is the fastest growing curriculum in higher education today with more than 1,600 colleges offering courses on the topic. This book will make a good textbook. Investors of all types are financing a broad range of company start-ups. In 2004, nearly a quarter of million of them invested $46 billion with its lions share going into high-technology ideas and concepts. This technology investment handbook will not only help these investors, but also business executives, middle managers, investment bankers, contractors, and other professionals worldwide hungrily seeking guidance on how to make innovative technologies work.
Book Details:
- Author: C. Joseph Touhill
- ISBN: 9780470230077
- Year Published: 2008
- Pages: 272
- BISAC: BUS025000, BUSINESS & ECONOMICS/Entrepreneurship
About the Book and Topic:
This book is a practical guide for building a portfolio of interrelated technologies that will dramatically change the way inventors/innovators, investors, technologies, and entrepreneurs approach commercialization of good ideas. It differs from other books published on the topic, because it emphasizes the importance of the innovation team, the wisdom of building a portfolio that spreads risk, and the strong input required from technologists in the successful commercialization process. It can also serve well as a college textbook. In light of the universal need for the entrepreneurial spirit to launch new enterprises, it will serve as an important manual for a diverse group of people. Entrepreneurship is the fastest growing curriculum in higher education today with more than 1,600 colleges offering courses on the topic. This book will make a good textbook. Investors of all types are financing a broad range of company start-ups. In 2004, nearly a quarter of million of them invested $46 billion with its lions share going into high-technology ideas and concepts. This technology investment handbook will not only help these investors, but also business executives, middle managers, investment bankers, contractors, and other professionals worldwide hungrily seeking guidance on how to make innovative technologies work.
Interest in entrepreneurship has been increasing in many striking ways. And Venture capitalist and investors spent $46 billion in 2004 to fund new businesses, the lions share of which went into high technology ideas. The U.S. government budgets nearly $3 billion annually for programs to stimulate the commercialization of innovative technology by small businesses. As technology increases in complexity and governmental regulations become more pervasive, bringing a good idea into successful commercialization can be best achieved through the innovation team comprising a group of experts with different viewpoints of the ideas and concepts to be implemented. The underpinning strategy of the innovation team is to search for multiple candidate technologies in a specific area of interest for building a portfolio or stable of related businesses. Understanding that not all ideas pan out, this book shows how to spread risk effectively in managing the commercialization strategy. By broadening a portfolio with diverse good ideas that are at various stages of research, development and demonstration at the same time, innovation team members can be kept energized and attentive to the activities, which is crucial to the process of bringing good ideas into successful businesses.
Outlines and it emphasizes the importance of the “innovation team” Addresses tactical issues such as how to find, fund, develop, design, and demonstrate innovative technology Explains the life cycle of product innovation and the dynamics of bringing good technological innovations into practice Addresses one of the fastest growing curricula in higher education today with more than 1,600 colleges offering courses technological entrepreneurship and innovation
About the Author
Dr. Joseph Touhill, President of Touhill Technology Management Corp. specializing in environmental technology and management consulting, has been an engineering manager of major projects for more than 40 years, 23 of which as chief executive officer. He is a fellow of both AIChE and ASCE. He has written more than 80 books and journal articles. Colonel Gregory J. Touhill, Director of Communications of U.S. Air Force, directs Air Force Air Mobility Commands global command, communications, and information systems. In his previous position, he led the team that was awarded the 2006 Air Force Science and Engineering Achievement Award. He earned Masters degrees in Systems Management from the University of Southern California. Major General Thomas A. ORiordan, Director of the Raytheon Co., manages major programs focusing on preservation of national security after retiring from the U.S. Air Force as its Commander of its Personnel Center after 32 years of distinguished service. He received a Bachelors degree from the U.S. Air Force Academy and a Masters from Stanford University both in Aeronautical Engineering.