To apply business methodology to something in order to profit
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In fact, since 2001 I have served on the board of directors of Perlegen Sciences, a Californian company that expects to commercialize such tests as soon as next year.
A team of programmers at the U.S. National Center for Supercomputing Applications, Urbana, Illinois, developed a program called a browser that made it easier to use the World Wide Web, and a spin-off company named Netscape Communications Corp. was founded to commercialize that technology.
A fledgling "biotech" industry began to coalesce in the mid- to late 1970s, led by Genentech, a pharmaceutical company established in 1976 by Robert A. Swanson and Herbert W. Boyer to commercialize the recombinant DNA technology pioneered by Boyer and Stanley N. Cohen.
In 1993 the company formed its Digital Imaging division to commercialize the invention.
Gardiner Hubbard organized a group that established the Bell Telephone Company in July 1877 to commercialize Bell's telephone.
Xerox PARC came up with these innovations but left it to others to commercialize them.
The company was designed to further develop and commercialize discoveries and technologies conceived in his laboratory at the university.
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