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licensing a new technology
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confusedstudent
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confusedstudent

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What are some of the pros and cons of licensing a new technology to other companies?

Kudos!
11-20-2009 06:01 PM

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Re: licensing a new technology
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SimonTurner
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SimonTurner

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Pros: You dont have to create a brand or product yourself and you dont have to do any direct marketing or sales.

 

Cons: You might not realise the full potential of your product.  Licensing your technology may be a lot harder than you think, other companies tend not to be interested unless they can see see a physical product that already has traction.

 

Hope that helps


 

Simon Turner

Visit WorkoutBOX for professionally designed workout routines and exercise routines

Kudos!
11-30-2009 10:27 AM
 

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