With the Innovation Funnel Diagram Template for PowerPoint, you can turn ordinary marketing data into eye-catching presentations. Aspects of market penetration and commercialization are included in the template.

In business terms, innovation is the process of modifying existing technologies to develop a better product for the current market. Most businesses accomplish this by releasing successive versions of a product line. Customers will be interested in new advancements to the current model as a result of this. Innovation can even lead to the creation of a 9 in rare situations. 

The funnel represents the filtering and selection process that the relevant pieces go through to guarantee that only the best make it through the standards. It’s broken down into three sections: research, development, and commercialization.