Business opportunity and technology fusion in terms of innovation dynamism

A paradigm of technological innovation consists of a technological development period and a diffusion period for the new products. The former period is termed the technological trajectory, and the latter period, the diffusion trajectory. According to the analysis of past technological innovations, the technological trajectory having a time span of ca. 20/spl sim/30 years joins with the diffusion period in a cascade fashion. Another trajectory termed the development trajectory was found to exist just before the diffusion period. Business opportunity to launch venture businesses can be found at the early period of the development trajectory. Existing industries absorb new innovation technology to make a technology fusion. It is noteworthy to learn that such technology fusion takes place along the development trajectory.