Secrets to Identifying and Licensing Your Business IP

I recently had a conversation with Nina Kaufman on the Business Breakthrough podcast. Don’t miss this interview where we discuss the secrets to identifying and licensing your business’ intellectual property. Consultants, mentors and technical support professionals all have valuable IP—now you can learn how to monetize it!

How to Rocket Your Startup to Success

NASA is offering startups the opportunity to license their intellectual property technology for no upfront cost. And you can work with their IP for up to three years without paying any royalty. Some of the worlds most famous and successful inventions were created using NASA IP. These include cordless tools such as power drills and vacuum cleaners, CAT scanners, the computer microchip, and freeze-dried foods, home insulation, invisible braces, enriched baby food, the video game joystick, LED lights, memory foam and many others.

Is Your Patent Costing You Hundreds of Thousands of Dollars?

Not taking action with your patent will cost you over $250,000. And that’s not counting the cost of lost revenue opportunities or litigating any infringement. It’s estimated that the average cost over the course of the 20-year life span of a single patent is about $100,000.00 – or roughly $5,000 per year in maintenance fees. And that doesn’t begin to cover the initial investment, which on average is about $150,000.00 to develop a single patentable invention. That’s due in part because the U.S. patent office currently rejects about 65% of all patent applications.