“I want to sell my technology…”

Technology Transfer

Just-in-time knowledge. The only way to profit from an idea is to put it into use. We help you license or sell your intellectual property, with a transfer plan buyers can put to work as soon as the deal is done.

Book a no-fee evaluation How it works

3 waysto turn R&D into return: manufacture, license or sell
Ready at closea full transfer package the day the deal is done
No-feefirst evaluation meeting

What is intellectual property?

Creations of the mind that the law assigns to their owners. To prove an idea is yours, and to profit from it, you file the required documents and claim your rights.

Patents

Exclusive rights to make, sell or license an invention. In the U.S., you apply through the Patent and Trademark Office.

Trademarks

Protection for the names, logos and marks that identify your products.

Copyright

Protection for original written, visual and software works.

Industrial design

Protection for the look and shape of a product.

Three ways R&D pays back

All the research and development in the world won't turn into cash flow until your innovation is put to one of three uses.

Illustration: R&D becomes protected intellectual property, such as a patent, trademark, copyright or industrial design. It pays back in three ways: manufacturing the product, licensing the innovation for one-time or recurring royalties, or selling the IP outright. A technology transfer plan packages the know-how, documentation, IP filings and a buyer-ready offer for the day the deal closes. — Download as an image

Manufacture the product

Build and sell it yourself. See New Product Development →

License the innovation

Rent your innovation or tradecraft for one-time or regular compensation. See Licensing →

Sell the IP outright

Transfer the protected intellectual property to a buyer for a one-time payment.

Sell, license or buy?

The right choice depends on your long-term strategic plan and your more immediate circumstances. Intellectual property should be an essential part of your business model.

Note: IP can support your freedom to operate, or block others from profiting from your innovation, but it doesn't guarantee freedom to operate.

Revenue streamRoyalties that keep coming in

Partial liquidationTurn IP into cash now

Manufacturing planThe core of what you make

AcquisitionBuy IP that fills a gap

The Praxis transfer system

Long known as a manufacturing efficiency firm, Praxis has developed a system to get the most out of an offer to license or sell intellectual property. Buyers get the knowledge they need, with the full technology transfer package ready to go the moment the deal is complete.

Uncharted water? Start with a no-fee evaluation meeting.

1
No-fee evaluationReview your IP, your goals and your options.
2
Choose the routeManufacture, license or sell, based on your strategic plan.
3
Build the Technology Transfer PlanDocument the knowledge and tradecraft a buyer will need.
4
Gauge the reactionTest how buyers respond to your offer.
5
Fortify weak areasStrengthen anything that could lower your return.
6
Close and transferHand over a ready-to-use package and maximize the return on your R&D.

If you license: the process

Every path from finding a company to the day rights revert to you. More on licensing →

Flowchart of the licensing process. Find a company interested in the invention, disclose it, and go through the company's evaluation period. The company either makes a proposal, leading to negotiations that succeed or fail, or enters an option agreement, leading to the company exercising the option or negotiations failing. Success leads to an executed licensing contract. The invention is then commercialized with royalties paid, or a dispute arises that is resolved or ends in termination. In every case the agreement eventually ends and rights revert to the inventor. — Adapted from Praxis Innovations' licensing process chart. Download as an image

Questions about technology transfer

What is technology transfer?

Moving your innovation, and the knowledge needed to use it, to someone who will put it to work, in exchange for a one-time or recurring payment.

Do I need a patent to sell or license my technology?

To sell or rent knowledge, it has to be protected as a patent, trademark or copyright. In the U.S., patents are filed with the Patent and Trademark Office. We can point you to USPTO-registered professionals.

Does a patent guarantee my freedom to operate?

No. IP can support your freedom to operate and block others from using your innovation for their profit, but it doesn't guarantee it.

Should I sell or license?

It depends on your long-term strategy and your immediate circumstances. Licensing can create a revenue stream; selling can provide a partial liquidation. We'll help you weigh both.

What does the first meeting cost?

Nothing. The first evaluation meeting is free. [ANSWER FROM REX: how ongoing transfer work is priced]

“I want royalties, not a factory…”Licensing & Franchising “I have a patent sitting idle…”Unused IP “I have a prototype…”New Product Development “My project keeps slipping…”Project Management

Get the most from your R&D.

Book a no-fee evaluation, or reach us at info@PraxisInnovations.com.

Book a free call 859-327-8322