This paper explores the role of the business model in capturing value from early stage technology. A successful business model creates an heuristic logic that connects technical potential with the realization of economic value. The business model unlocks latent value form a technology, but its...

The probability of creating a successful, new growth business is 10 times greater if the innovators pursue a disruptive strategy rather than a sustaining one. A sustaining innovation is one which meets the demands of existing customers in established markets. In contrast, a disruptive innovation...