2 Innovation and Commercialization of Emerging Technology. The terms invention, innovation, and commercialization are commonly used in a number of overlap-. ping ways to refer to the process of developing new technology and incorporating it into new products, processes, and services. Confusion often results from the close ties between invention, Innovation, and.
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It is unlikely to include coverage against less common or extreme causes of damage, such as natural disasters. The exact coverage of a standard policy varies from company to company, but it will always include less coverage than broad form insurance.