Is it better to License, to Sell?
License or Sell? Quotes worth reading.
“500 billion Annual patent licensing revenues forecast for the U.S. for the year 2005. “In 1990, it is estimated that in the United States alone $15 billion in revenue was derived from patent licensing. In 1998, that shot up 700 percent to $100 billion. It is [predicted] that by 2005, patent licensing revenues will top half a trillion dollars annually. Amazingly, most American businesses are ignoring an astonishing $1 trillion in intellectual property asset wealth. This is thought to represent the most fertile, yet most ignored, ground for development by corporate chief financial officers. An increasing number of business leaders at companies such as Microsoft, Lucent, Intel, Dell and Dow Chemical are regarding intellectual property as the new core of the modern business enterprise and a major factor in their success.” Patent licensing statistics. Intellectual Property (IP) licensing revenues statistics. (Arlen L. Olsen, Contributor, 518-220-1850, “Patents are big moneymaker these days for companies,” The Business Review – Albany, Friday, August 11, 2000), obtained via http://www.inventionstatistics.com/Licensing_Royalty_Revenues.html
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Statistically, the odds of venturing a new invention is low. 99.8% fail. Only 3,000 patents out of 1.5 million patents are commercially viable. “In truth, odds are stacked astronomically against inventors, and no marketing outfit can change them. ‘There are around 1.5 million patents in effect and in force in this country, and of those, maybe 3,000 are commercially viable,’ [Richard Maulsby, director of the Office of Public Affairs for the U.S. Patent & Trademark Office http://www.inventionstatistics.com/Licensing_Royalty_Revenues.html
Think about it.