The real value of your business IP is the way in which you can use it as an integral part of your business strategies. LCG provides you with expert advice, guidance, and insight to get the highest value from your intellectual property. We help your company understand, manage, and use your IP for maximum value.
Revenue generated from the licensing of intellectual property (IP) is one of the most significant and fastest growing sources of business earnings today. Licensing provides a low-risk way to capitalize on your intellectual property assets. Investing in a licensing program is a small cost compared to the high cost of commercializing it directly.
The IP audit process creates your IP Inventory. An IP audit is the only way to keep track of your IP, correct any problems with your IP rights, and make sure it's protected. It helps you identify unused parts of your IP, find new income opportunities, and effectively manage your most valuable business assets.
Licensing Consulting Group is at the forefront of the new economy and the global intellectual property marketplace. Our approach focuses on the business side of IP. We combine business acumen with IP knowledge to offer solutions focused on business goals and objectives. Our role varies from analysis and planning the IP strategy, to implementing and actively managing the licensing program, to training and leading the internal IP team.
Licensing Consulting Group specializes on the business development side of IP. Our services focus on one goal: capitalizing on your IP to generate revenue in as many ways as possible. Our role varies from IP strategy and planning, to executing and actively managing the licensing program.
Thank you to all who attended last weeks Med Tech Licensing Workshop. The workshop covered all the essential steps to successfully licensing a med tech IP…from finding the right partners, how to contact them, what to say (what not to say), how to get the best royalty rate, key mistakes to avoid and much more.
Big Med Device companies are facing a big problem – their buy to grow strategy isn’t working anymore. The can’t find enough small companies with new med tech in the market that aren’t extremely overpriced. Now big med device companies are looking at creating partnerships with earlier stage med device companies. Although it’s riskier, it’s the only way they can fill their big product pipelines. And that spells big licensing opportunities for startup and emerging med device companies.
Recently the University of Arizona licensed one of its latest technologies, a formulation for a new sunscreen, to a local company. The value of this new technology is the ingredients are combined in such a way that it keeps it from seeping into the skin. And that presented a great licensing opportunity for a small company who spotted the IP.