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Currently, there are several papers on the New Technology Based Firms (NTBFs) yet the case studies of measurement technology appear to not be available. This paper aims to present the entrepreneurial processes of Finnish measurement technology firms. Eight interviews were conducted with the key players of the industry. Successfully, the outcomes of the study revealed that there are five interconnected and interactive phases for new technology commercialization; they are not static and they are continuous in a circular mode.
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