Licensing & Commercialization

Two important tactics for converting intellectual property (IP) into an asset that generates income are licensing and commercialization. Through licensing, an intellectual property owner can give another party permission to use, produce, or market their idea, brand, or creative work under certain restrictions. Commercialization is the process of using intellectual property to develop profitable goods, services, or business concepts.

Without requiring significant financial outlays, these procedures allow companies to increase their market share, lessen operational demands, and take advantage of innovation. Both licensing and commercialization make ensuring your intellectual property is used to its maximum potential, whether you’re trying to license your technology or create a commercialization strategy.