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Intellectual_property_forums_make_100_billion_industry_accessible_to_innovators
| Intellectual property forums make $100 billion industry accessible to innovators
The intellectual property transfer market is now estimated to be
worth over $100 billion. If you have a new idea, an invention, a
new art or craft, you may be able to license it or sell it for
millions of dollars. Many Fortune 500 companies are now making
their intellectual property available for sale or licensing at
new online intellectual-property exchanges. These companies are
trying to maximize their return on research and development
investment and generate a new source of revenue by licensing
their unused and underutilized inventions to others.
A number of online forums, including Minnesota-based
NewIdeaTrade.com (http://www.newideatrade.com ),
California-based Pl-x.com (http://www.pl-x.com ), and
Connecticut-based PatentTriage.com (http://www.patenttriage.com
) now link buyers and sellers of intellectual property. The
traditional transfer of intellectual property is complicated,
costly, and can take up to one year. However, these online
forums simplify and speed up the process for transfer of new
ideas.
The Internet currently reaches more than 600 million users
around the world. This makes innovators’ potential for exposure
much higher than with traditional forms of media. The worldwide
online commerce has reached $2.2 trillion in 2002 and is
expected to reach $6.8 trillion by 2005. The innovators today
can leverage the massive reach of the Internet and promote their
new ideas to the global market without substantial marketing
costs.
Additional information on how to market intellectual property is
available at http://www.newideatrade.com.
About the author:
Intellectual Property Professional Global Commerce &
Communication, Inc.
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