The Commercialisation of Science and Technology Science and technology and the role of commercialisation in that area are very interesting question. And it’s an issue which is going to be increasingly important, world wide. Ⅰ. An overview of the relationship between science & technology and research development & innovation: 1) Science --which is done to (1)______new basic knowledge. (1)______ Generally, that’ s done in the universities, the government- funded (2)______ and larger international companies. (2)______ 2) Technology --to do with the (3)______of science. (3)______ It turns scientific discoveries into a useful product, or a useful service. 3) Research, development and innovation are (4)______: (4)______ A. Research --closely related to basic sciences. B. Development --the process of taking the (5)______scientific (5)______ idea or item and running it through to the development of products and services. C. Innovation --putting the (6)______into the market place. (6)______ Ⅱ. Proplems in commercialisation of technology: 1) The first one --not getting enough funding to develop scientific ideas into useful products and services; 2) Another one --only 1/10 ideas taken to the final (7)______; (7)______ 3) The third one --Most people cannot guarantee a (8)______return on their (8)______ investment. Ⅲ. Companies and (9)______ideas: (9)______ 1) Because of various reasons, the technology would likely become outmoded; 2) Some companies (10)______other specialized individuals or organisations (10)______ to do research on their behalf; 3) Governments need to encourage and facilitate the interaction of the domestic firms with overseas companies.