After the intellectual property is developed and protected, it needs to be commercialized to create revenue. Essentially, commercializing IP is the process one undertakes to move its innovation from ""just another brilliant idea for a product or service"" to the market place.

It consists of

• IP Licensing
• Technology Transfer
• IP Auction
• IP Broking

It is a license / contract where the IP owner (the licensor) gives permission to a licensee to commercialize that intellectual property, which may extend to all aspects of commercialization i.e. from developing it further to manufacturing products, from marketing, promoting and selling those products.

It is an important issue facing all technology companies. As a result of investment in innovation, companies have created a large, diverse portfolio of intellectual property (IP) that is now available for licensing. This portfolio includes source code, schemas, protocols, and documentation as well as associated copyrights, trademarks, patents, and trade secrets

There policy is to license this IP under commercially reasonable and nondiscriminatory terms. It is a license / contract where the IP owner (the licensor) gives permission to a licensee to commercialize that intellectual property, which may extend to all aspects of commercialization i.e. from developing it further to manufacturing products, from marketing, promoting and selling those products.

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