10 Tips for Landing a Product Licensing Deal

in Forum: Commercializing Your Invention

Source of this discusssion: /articles/878/1/AT_10TipsLandingLicensingDeal.asp Page description: Inventors can either build a new company to commercialize their product, or they can license their product to an existing company that already has the resources in place to get the product out into the market. This article offers 10 tips for how best to license a product to an existing company.

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Mar. 18 2008 at 6:18 PM
Posted by: Parker13 “Quote Reply
Great info - how do you go about finding companies who might be interested in your product?
Mar. 18 2008 at 6:59 PM
Posted by: 1ExportJunky “Quote Reply
The 10 tips are great! I will read it over and over till I have a great understanding of those principal. You should also check out the pod casts under Watch& Listen> Tips forEntrepreneurs>Channels>Inventing I found www.startupnation.com at just the right time.
Mar. 23 2008 at 11:28 PM
Posted by: Kerm “Quote Reply
A new type of innovative house for extreme weathers is documented my name is Kermit Williams Durstorm housing learn more this can be a great investment and can be fun to live in can be great for the market place for investors contact me at Evawilliams@sbcglobal.net .
May. 02 2008 at 6:10 AM
Posted by: mdmd “Quote Reply
Do you have any suggestions on starting a company? I have a patent and like the idea of a start up company. What is your advice.
May. 14 2008 at 9:41 PM
Posted by: Kerm “Quote Reply
A patent dont really mean nothing its the idea that count let me tell you why most patents are not being sold they just sitting on the paper they wrote on now if you have a great idea find a licnseing company and investors first before you patent a idea why most investors just license ideas and manufactures are not in the USA .they are over seas so dont let invention companies lie to you telling you thay can sell your idea to manufactures i am a inventor myself i documented my idea first before patenting it why thats protect the date it was made that can save me time and money and it can still be used to sue in court i set in court room have you and found out your patent might dont be no good .
Aug. 25 2008 at 4:05 PM
Posted by: BonnieGK “Quote Reply
Excellent information, nevertheless, it should be said that an inventor's probability of success is exponentially increased by going as far as possible with the commercialization process. Most companies are looking for finished products or a successful sales track record to show viability. This minimizes the licensing company's risk and increases your ability to secure a better licensing agreement. Edited by: BonnieGK - Aug. 25 2008 at 4:09 PMInnovative Consulting Group,Inc. Marketing for Results http://www.biz-consult.com (EMAIL=info@biz-consult.com]My Email
Aug. 25 2008 at 7:29 PM
Posted by: Rich “Quote Reply
BonnieGK wrote: Excellent information, nevertheless, it should be said that an inventor's probability of success is exponentially increased by going as far as possible with the commercialization process. Most companies are looking for finished products or a successful sales track record to show viability. This minimizes the licensing company's risk and increases your ability to secure a better licensing agreement. smart. Rich Sloan Co-Founder, Chief Startupologist, StartupNation