Technology commercialization is the process of taking innovative ideas, technologies, or inventions developed in research laboratories or academic institutions and translating them into commercially viable products or services. This involves identifying market opportunities, securing intellectual property rights, conducting market research, developing a business plan, securing funding, and ultimately bringing the technology to market through licensing agreements, partnerships, or establishing new companies. Technology commercialization plays a crucial role in driving economic growth, creating jobs, and improving overall quality of life by enabling the widespread adoption of cutting-edge technologies.