Book

Every year, billions of dollars are invested in STEM innovations, yet many promising technologies never reach the market. Traditional commercialization models often overlook the hidden value remaining in projects that fail to achieve immediate success, resulting in lost opportunities, wasted resources, and reduced returns on research and development investments. In this groundbreaking book, Olga Korosteleva presents a comprehensive, AI-enhanced framework for evaluating the commercialization potential of STEM innovations while introducing a novel approach to identifying and extracting residual value from unsuccessful innovation projects. Drawing on more than 15 years of experience in Innovation Management, she demonstrates how artificial intelligence, economic analysis, financial modeling, and strategic decision-making can be integrated into a unified methodology for assessing technologies throughout their lifecycle. The book introduces original concepts, including the KSTEM coefficient for cross-disciplinary evaluation of STEM innovations and the Rfail coefficient for measuring retained innovation potential after project failure. These methodologies provide researchers, entrepreneurs, investors, universities, corporations, and government agencies with practical tools for improving commercialization decisions, reducing investment risk, and maximizing the long-term value of innovation portfolios. Readers will learn how to identify commercially viable opportunities, optimize innovation strategies, and uncover strategic value in projects traditionally considered unsuccessful. Whether you are an innovation manager, researcher, entrepreneur, investor, technology transfer professional, or policymaker, this book provides a forward-looking methodology for transforming the evaluation and commercialization of STEM innovations in the age of artificial intelligence.