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.
Getting paid is one of the essential terms in a licensing agreement. Negotiating the right royalty rate makes the difference between generating income and creating a fortune. One of my clients discovered this the hard way. After they signed their licensing deal, they realized the royalty rate was too low. […]
Sometimes an IP is more valuable inside someone else’s product than as your own standalone product. Instead of spending all your money on manufacturing, distribution and sales, licensing your IP to companies who in turn integrate it into their products and pay you a licensing fee for every product sold is a smart business strategy.
With licensing, there’s no need to struggle to grow your startup or business internally, trying to raise capital by selling more equity and taking on the costly overhead. Instead, you reach out to partners who in turn license your IP for different products and markets, enabling your company to grow with no limitations and unlimited income opportunities.