The document discusses the stage gate process for R&D and new product development. It recommends evaluating ideas objectively and eliminating non-commercial ideas. The stage-gate concept involves developing a concept and evaluating it at several stages before launch. IP/patents may provide protection but their commercial value should be considered. Developing a new product requires numerous business elements and an overall strategy to either start an ongoing business or extract money from an idea through licensing or sale. Early testing and validation of ideas is important to avoid wasting resources on unviable concepts. Assistance is available to address any gaps in skills or experience.