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How do you find, define and, most importantly, exploit ‘exploitable’ technology?

This is the fourth article in a continuing series that examines the state of the ecosystem necessary to successfully bring technology to market. Based on dozens of interviews with entrepreneurs, venture capitalists, angel investors, business leaders, academics, tech-transfer experts and policy makers, this series looks at what is working and what can be improved in the go-to-market ecosystem in the United States, Canada and Britain. We invite your feedback.

By Francis Moran and Leo Valiquette

In his book, Making Technology Happen, Denzil Doyle makes the valid point that “technology” is not found only in research laboratories or other establishments that form part of what is commonly known as the “knowledge industry.”

“A farmer who develops an add-on device for a piece of farm machinery is not only creating technology, but is advancing it along the innovation chain by turning it into a useful product,” Doyle wrote. “If a few neighbours buy it and they find it a useful product, it has been taken through the entire length of the innovation chain, from the idea stage to the distribution stage. The farmer has simply not formalized the innovation process by writing a proper business plan, raising some investment capital and starting a business.”

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