A STEM Commercialization Plan is a written document that describes how a new and/or an existing STEM concept, prototype, process, idea or technology (or a combination of multiple STEM concepts, processes, ideas or technologies) may be applied, or further developed to provide a solution to a marketplace or societal problem, need or opportunity. A STEM Commercialization Plan essentially provides a written “science & technology proof of concept” to support an innovative product or service concept or idea. A STEM Commercialization Plan includes both a persuasive science and technology assessment and plan and a discussion of the concept’s likely commercial feasibility and viability.

A STEM Business Plan is a written document that describes how to apply a new or existing technology to create a new product or service or enhance an existing product or service with new features or capabilities that can be successfully developed into a real-world business opportunity and “taken to market.” Thus, a STEM Business Plan provides a written “business & financial proof of concept” to support an innovative product or service that may be taken to market. A quality STEM Business Plan will not only include plans for taking a product to market, but should also include the student’s assessment of the viability of the science and technology supporting the product or service idea.

Key Instructional Resources for Students

Examples of past ‘highly rated’ STEM Plans for student review

Click on the link below to open the plans in a new window: