Which process involves taking an invention and making it profitable through application?

The process of taking an invention and making it profitable through application is best described as commercialization. This term refers to the transition of inventions or innovations from the development stage to a stage where they are offered for sale in the market. It encompasses various activities, including production, marketing, distribution, and sales strategy, which are crucial for ensuring that a product is not only viable but also profitable.

Commercialization focuses on the practical use of an invention, translating it into a product or service that meets market demands. This can involve refining the invention, determining costs, securing funding, and establishing a business model that allows for profitable operations.

While product development involves creating and developing a product, and innovation can refer to new ideas or improvements on existing ones, neither directly addresses the profit-making aspect in the same way commercialization does. Marketing, on the other hand, typically deals with promoting and selling the product after it has been developed. Thus, commercialization accurately encapsulates the entire journey from invention to profit.