Launching a startup in today’s marketplace can be a risky cost-intensive venture. Especially if your product or technology is new and unknown. That’s one reason why licensing is a lucrative money making opportunity for your startup. If your startup is lacking IP, licensing is a quick way to acquire it. There is an abundance of market ready IP available from large corporations, universities and research labs. And this can lead to a gold mine opportunity for your startup.
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.