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Monetization/ Commercialization of IP

We hear often that IP is an intangible asset and how it is valuable to a company. However, there is often very little guidance on how to use these intangible assets to generate an income or profit for the company.

Without a plan for monetization/commercialization, the expenses spent to obtain IP in the first place is wasted, because there is no return on investment.

I have found a blog here: https://www.greyb.com/patent-monetization-strategies/ which talks about monetizing patents.

Do share your strategies for obtaining and monetizing/commercialising IP.

I have in 26 years of business practice never seen anyone becoming rich just from generating IP, nor have I heard from someone who became rich just from generating IP. What I have seen were people who ... [read more]