The need for innovation is a very popular topic, both in the popular press and in business circles. Simultaneously, the effectiveness of R&D in delivering innovation is highly scrutinized. Typically the time from project initiation to the breakeven point after commercialization for new materials and chemical processes can be on the order of 10 to 20 years, with the timeline becoming lengthier as the technologies become more disruptive. In mature areas, the challenges to introducing new technologies become even greater because of incumbency, and yet, innovation is particularly important to enable decarbonization of the industrial sectors. This talk will present an overview of a few of the challenges for industrial innovation and highlight some of the future industrial innovation opportunities.

Innovation in mature technology spaces

2019 Spring National Meeting

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