If you’re like most nonprofits, you face a big “business” challenge – funding. Most nonprofits are not supporting themselves by selling products, services, or technologies. Instead, they rely on fundraising to get donations and grants. The result is you spend a lot of time trying to find donors instead of fulfilling your social mission.
But there is a strategy to help your nonprofit rely less on private foundation grants and government funding, and ensure your survival through income-generating activities. That strategy is licensing.