Commercialising IP is a way for companies to exploit proprietary intellectual property assets in order to create new revenue streams which can subsequently be re-invested into critical business processes, such as R&D.
Licensing IP can be an easy way for your company to generate additional revenues and improve competitive barriers to entry. There are many reasons a company will consider licensing its IP – for example, it may be that the company no longer has a use for a particular patent portfolio, and so is considering licensing it out to another party who is interested in exploiting that particular technology. Conversely, it may be that the company is using licensing as a way to grow or to attract a lucrative partnership.
When considering licensing, there are many factors that a company must consider including:
Metis Partners have the expertise and track record to guide you in:
Though licensing remains at its core, commercialisation’s remit is much broader than just licensing, and may cover activities such as tech transfer assignments, knowledge transfer and new product development. Critically, Metis Partners can help you choose the appropriate IP commercialisation activity in order to leverage IP assets which are capable of exploitation but have remained dormant within the company, bolstering the value of these particular assets.
In any commercialisation activity which involves a collaboration with another company, it is critical that consideration is given to remit, risks and timescales. Metis Partners has extensive experience in addressing these potential issues, and can help you decide which commercialisation opportunity is right for you, as well as advise you throughout the process of preparing, negotiating and completing a deal in order to maximise the IP asset ROI for your business.