Introduction

Commercialization of Hi-Tech products is a complex and high-risk process, which in turn increases the time necessary for the products to reach their target markets and reduces their commercialization success rate. Global statistics from various technology incubators indicate that most (about 85%) of Hi-Tech products, due to the aforementioned reasons, aren’t formally incorporated into their target market. Moreover, current methods of Hi-Tech commercialization increase the lag time between product manufacturing and market entry, which in turn reduces the value the product and, subsequently, reduces the product’s competitive advantages and survival ability in the target market. As illustrated by various studies in technology management, successful commercialization of novel technologies is only possible by the empowerment of knowledge-based companies and innovators and, likewise, facilitating their access to commercialization services such as, international product standards, intellectual property, market research, technology monitoring, and feasibility studies.
"Technology Development Services" are interconnected links of the Hi-Tech commercialization chain. These services provide the necessary background to enable maturation of a Hi-Tech technology into a product. As such, knowledge-based companies and innovators can take advantage of these services to shape their technologies and market entry strategy. Therefore, “Technology Development Services” are strategically vital in creating a centralized structure to provide professional and customized services to knowledge-based companies and innovators for commercialization of their novel technologies.
In this regard, the Tech Market Services Corridor has been formed to provide these "Technology Development Services" to knowledge-based companies and innovators and, in turn, increase the success rate and timing of commercialization. The Tech Market Services Corridor intellectually and monetarily supports knowledge-based companies as well as brokers which provide "Technology Development Services."
The Tech Market Services Corridor is structured as an interconnected chain of 16 service stations, each of which provides one of the aforementioned "Technology Development Services". Any knowledge-based companies or innovator can, in order, receive commercialization services from these service stations. The technology development brokers are companies based in the Tech Market Services Corridor that are responsible for offering commercialization services in their respective service stations. Through this structure, the cost of commercialization services is partly subsidized by the Tech Market Services Corridor though payments to the technology development brokers, rather than direct payment to the knowledge-based companies. Of course, credit facilities and other forms of financial support are directly paid to qualified knowledge-based companies according to their progress in commercialization.

The Tech Market Services Corridor has organized its activities into two subgroups: “Technology Development Brokers Affairs” and “Knowledge-based Companies and Innovators Affairs.” The main duties of each subgroup are as follows:

1) Technology Development Brokers Affairs: This group is tasked with creating and organizing commercialization services for knowledge-based companies using private sector brokers. This group also researches new commercialization services, uses various tools to identify and recruit technology development brokers, provides training and empowerment programs for the technology development brokers, and designs various commercialization models.

2) Knowledge-Based Companies and Innovators Affairs: This group is tasked with communicating with knowledge-based companies and innovators, as well as asses their technologies and identify their needs for successful commercialization based on their technologies. This group also tracks the progress of knowledge-based companies and innovators in the commercialization chain.