IP COMMERCIALIZATION

Revathi P (Patent) – Associate, IP Practice I. Introduction: IP Commercialisation is the process of bringing the IPRs to the market to get them exploited in return for business profits and growth. Once the IPRs are duly protected through registration, commercialisation of the same should immediately commence so as to recoup the investment made to develop or acquire them and protect them. Thus, IP commercialization/monetization means making the intellectual property (IPR) marketable and profitable. II. Steps for IP Commercialization: a.     Market Analysis b.     IP Audit c.      IP Valuation d.     Financing and raising capitals using IPRs Now let us discuss these steps in detail. a.     Market Analysis: The term “market” refers...