Strategies for Commercializing and Monetizing Intellectual Property depend on a comprehensive understanding of the skills and tools required to transform an intellectual asset into a commercially viable product that generates financial returns.
It is easy to gather a portfolio of IP rights, but they do cost to maintain so the value of those rights in the business needs to be regularly assessed. If they /are not adding value, drop them! If you are not using a right, consider whether you can you create value by selling or licensing the right. Should you let the rights lapse? If you don’t have the rights you need to run your business, how can you get them? All of these issues need to be considered and worked through regularly.
Intellectual property rights can be exploited commercially through patent pools and cross-licenses to forming strategic alliances or by selling (assigning) or licensing the rights to a third party.
Firms which have expertise in buying and selling IP and are interested to advertise in this space may write to us with full particulars and credentials at firstname.lastname@example.org.