Innovation is widely lauded as the key to economic growth, but interventions backed by both public and private sector funding typically result in low impact and poor Return-On-Investment.

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Most existing approaches typically look at the growth challenge from a narrow perspective: for example, approaches based on entrepreneurship, technology management and returns for investors are all useful but each only provide a partial view of a successful commercialisation journey.

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The Triple Chasm Model is built on insights and data gathered from a global research programme led by Dr Uday Phadke. The model provides a holistic data-driven approach that is based on profiling the following:

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·    The commercialisation maturity of the product or service: Commercialisation Readiness Level (CRL)

·    The key considerations at each stage along the commercialisation journey: the 12 meso-economic Vectors

·    Understanding the gap in these factors between the present and the next strategic goal

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