Commercialisation of patents involves ensuring that an invention is not only protected but also creates economic value. Different methods are used for this.
Licensing: It is when the patent holder grants the right of use to another person or company under certain conditions. Models such as advance payment, a share of sales or a fixed annual fee can be applied as a licence fee.
Transfer (Sale): The patent can be sold completely to another person or company. This method is suitable for patent owners who want to provide fast cash flow.
Joint Ventures and Collaborations: The patent owner can establish partnerships with investors or companies to develop and market his invention.
Own Production and Sales: If capital and production infrastructure is available, the patent holder can develop its own product and sell it directly.
Patent Pools and Open Innovation: These are models that encourage joint use by bringing together certain patents of more than one company.
In the commercialisation process, it is of great importance to conduct market research, choose the right business partners and make a good valuation of the intellectual property.