The sale of patents has emerged as a lucrative business strategy, enabling companies to monetize their intellectual property (IP) and accelerate innovation. According to the World Intellectual Property Organization (WIPO), the global patent market is valued at over $200 billion annually. By understanding the patent sold process and leveraging effective strategies, businesses can maximize their returns and gain a competitive edge.
Benefit | Impact |
---|---|
Generate Revenue | Create a new revenue stream, boosting company finances. |
Accelerate Innovation | Free up resources for R&D, leading to new products and services. |
Strengthen IP Portfolio | Optimize IP assets, focusing on strategically important ones. |
Strategy | Key Points |
---|---|
Identify Potential Buyers | Research potential acquirers who have a need for your technology. |
Prepare a Comprehensive Patent Report | Highlight key patent features, market analysis, and potential applications. |
Leverage a Patent Broker or Attorney | Gain expertise in patent valuation and negotiation. |
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