Licensing Your Invention
Once you have applied for patent protection, it is time to begin the next hurdle: you need to decide whether you want to find a licensee for your invention or take it on yourself as an entrepreneur.
Many inventors opt for licensing, but it is not always easy to find a licensee. A licensee will absorb all of the risk, so they must see a great deal of potential in your invention before they will consider it a worthwhile venture.
So how you approach a licensee is very important. In fact, you should learn a little about licensing before you even invest any money into your invention.
The best way to gain an education in finding a licensee for your invention is to learn from someone with experience. Harvey Reese is a successful licensing agent, new product developer and consultant. He has written a step-by-step guide for new inventors interested in gaining the upper-hand in the licensing game.
Review “How to License Your Million Dollar Idea” for a crash course in licensing and finally earn a profit from your ideas!
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