Innovation Terms and Practices

Commercialization

Transforming Innovation into Market Value

Coopetition

The Strategic Blend of Cooperation and Competition

Demo Day

Showcasing Innovation to Catalyze Investment and Growth

Exit Strategy

Planned Transition for Founders and Investors

Founder Agreement

Defining the Foundation for the Startup Lifecycle

Growth Stage

Expanding Market Presence and Operational Capacity

Ideation

Driving Innovation Through Creative Idea Generation

Initial Public Offering (IPO)

Transitioning from Private to Public Ownership

Innovation Entrepreneurship Journey

The Progressive Path from Idea to Impact

Intellectual Property (IP)

Protecting Creations of the Mind

Iteration

Continuous Improvement Through Cyclical Feedback and Refinement

Minimum Viable Product (MVP)

Launching Simply to Learn Quickly

Open Innovation

Expanding Innovation Horizons Through External Collaboration

Pilot Partnership or Pilot Program

Testing Innovations in Real-World Settings

Pitch Competition

A Platform to Showcase and Accelerate Startup Ventures

Pivot

Strategic Shifts to Realign Startups with Market Needs

Product-Market Fit

Aligning Your Product with Market Demand for Scalable Growth

Proof of Concept (PoC)

Validating Ideas Through Early Feasibility Testing

Scaling

Growing Startups to Sustainable and Impactful Sizes

Startup Lifecycle

The Evolutionary Phases of a Startup’s Growth Journey

Stealth Mode

Operating with Secrecy to Protect Innovation

Technology Readiness Level

Measuring the Maturity of Innovation

Technology Transfer

Bridging Innovation from Research to Market