| > | | | | development investment and generate a new |
| The intellectual property transfer market is now | | | | source of revenue by licensing their unused and |
| estimated to be worth over $100 billion. If you | | | | underutilized inventions to others. |
| have a new idea, a patent or an invention, you | | | | A number of online forums, including |
| may be able to license it or sell it for millions of | | | | Minnesota-based ( California-based ( and |
| dollars. | | | | Connecticut-based ( now link buyers and sellers of |
| Many Fortune 500 companies are now making | | | | intellectual property. The traditional transfer of |
| their intellectual property available for sale or | | | | intellectual property is complicated, costly, and can |
| licensing at new online intellectual-property | | | | take up to one year. However, these online |
| exchanges. These companies are trying to | | | | forums simplify and speed up the process for |
| maximize their return on research and | | | | transfer of new ideas. |