With significant experience in research and development, it is easy to see what has been done before and why it failed. This is the same experience required to help carve out the next inflection point. Why didn't it work before? What has change such that it will work now? Why would anyone be interested? Is it truly innovative or is it just new to you? And most importantly, is what you are developing valuable?
Are you ready to define the problem space and create the answer? Has someone asked you for help? If yes to both, than you may be ready to offer an alternative perspective.