In the present world of business, innovation adds an innumerable value in every sector and in every educational field it is a much highlighted topic. Innovation in the business context considers the deliberate application of new ideas, creativity and knowledge to recognize the better solution for the prevailing need. When innovation is assorted with commercialization, a new wave of transition is introduced. Innovation is converted into practicality by commercialization. Innovative ideas and practices with real life examples includes the determination of innovation and invention, categories of innovation, formation and commercialization in business ventures. With the key context of innovation, commercialization, different dimensions of innovation, processes etc.
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