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What does commercialize mean?

Looking for the meaning or definition of the word commercialize? Here's what it means.

Verb
  1. (transitive) to apply business methodology to something in order to profit
  2. (transitive) to exploit something for maximum financial gain, sometimes by sacrificing quality
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Examples
Xerox PARC came up with these innovations but left it to others to commercialize them.
They take the science and couple it with their engineers to commercialize the process.
In 1993 the company formed its Digital Imaging division to commercialize the invention.
Gardiner Hubbard organized a group that established the Bell Telephone Company in July 1877 to commercialize Bell's telephone.
Reproducing Ming chinaware using the original ingredients took longer to commercialize than she suggests.
It is too myself, like my earlobes and my throat, to commercialize by the day.

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