One of the main reasons for getting IP is to make some money out of it. Turning IP into commercial products is the most basic monetization method. It should be noted that or patent commercialization purposes, evaluation is the key step and there is science behind.
IP assets could hold potential value for commercialization that as first glance may not seem strategic. To have profound IP assets, using more sophisticated patent search and analytics techniques to map out the potential opportunities that exist in existing or new markets.
Patent monetization refers to revenue accumulated based on the IP assets of one company.
A patent could be monetized in the following ways:
· Sale or Brokerage
· Licensing of the patent.
· Enforcing Patents
Pooling the patents and IP Bank are the other ways that use for monetization patents.