This article seeks to define commercialisation, and the related concepts of entrepreneurship and innovation. It does this in the context of many disciplines, including law.
Our interest is particularly on the affect of innovation, entrepreneurship and commercialisation on intellectual assets.
Definitions are important because without them discussions can turn to mud. Preparing definitions can be very hard work. It involves putting a great weight on one's shoulders, like Atlas in the accompanying photo taken in New York's Rockefeller Center in the early 1980s.
A complication for developing useful definitions is that different disciplines use different terms. When referring to intellectual assets lawyers tend to use "intellectual property", management consultants use "intellectual capital", scientists and engineers might use "technology" and accountants use "intangible assets".