Innovation Process Model

This paper presents the author's model of infrastructural nonlinear innovation process. In the authors' opinion innovation process consists of four stages: new concept formation (result: new idea); development of innovation (result: innovation); manufacturing (result: innovation); promotion (result: innovative product). The innovation process model provides various ways of work performance (own efforts, collaborative activities, and outsource) or different levels of independence for each stage. The use of the presented innovation process model permits to make it clearer for investors, leads to market mechanisms start in the sphere of innovations, and simplifies all innovation process stages coordination. This paper reviews the evolution of scientific images of innovation process. This paper introduces two main approaches to innovation process: linear and nonlinear. Essence of the innovation process concept is specified and expanded. The innovation process is the system of measures to the new knowledge transformation into the innovative product. The paper considers the examples of work performance with outsource involvement (crowdsourcing and integration).