How to Market and Protect Your New Ideas
The intellectual property transfer market is now estimated
to be worth over $100 billion. If you have a new idea, a patent
or an invention, 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
( www.newideatrade.com ),
California-based Pl-x.com ( www.pl-x.com ),
and Connecticut-based PatentTriage.com ( 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 560 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 2004. The innovators today can leverage
the massive reach of the Internet and promote their new ideas
to the global market without substantial marketing costs.
By publishing an idea on an online forum, the sellers receive
automatic copyright protection provided under federal law.
In addition, official copyright registration and patent rights
can be obtained from appropriate authorities. A directory of
Patent and Copyright Offices around the world is available
at http://www.newideatrade.com/government_patent_copyright_offices.htm. When
a potential buyer contacts the seller for more information
about the intellectual property, the seller should require
the buyer to sign a non-disclosure agreement before revealing
the details. Additional information on how to obtain a patent
is available at http://www.newideatrade.com/inventions.htm.
Telephone: 320-250-0950
Fax: 320-230-1096
Email: globalcomm@astound.net
Article Source: Article
Hub
Additional Resources
Ideas | Timeshares | Protecting
