This cyclical process of patent monetization

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The Benefits of Monetizing Patents: Generate a steady stream of income through licensing. Eliminate unnecessary maintenance costs by selling unused patents. Increase market competitiveness by leveraging idle assets. 2.4 Redirecting Funds for Future Innovation When you monetize underutilized patents, the funds generated can be reinvested in developing new kiribati b2b leads technologies, expanding your patent portfolio, and driving innovation. By taking advantage of the patents you no longer use, you free up resources that can be focused on research, product development, and patenting newer and more relevant technologies. and reinvestment ensures continued innovation and a growing portfolio of valuable intellectual property assets.


Ways to Reinvest Monetary Funds: Expand R&D efforts for cutting-edge technologies. Funding the development of new patentable innovations. Improve your IP strategy by focusing on core patents. Step 1: Identify Dormant and Unused Patents in Your Portfolio Conduct a Patent Portfolio Audit The first step to monetizing your patent portfolio is identifying which patents are dormant or underutilized. It is essential to conduct a comprehensive audit of your portfolio to find hidden assets that could be monetized. During this audit, focus on patents that are no longer aligned with your company's current objectives or business strategies.