Turn-Key Licensing was developed by ThinkUSA from 2000-2002 as a business system that bridged the gap between the requirements of established businesses looking to license in inventions and the capabilities of many independent inventors.
By identifying and attributing the different aspects of project risk to parties capable of managing them, the following benefits emerged for companies and inventors:
- Reduced overhead, as new product development is outsourced to professional new product development teams
- A much lower due diligence cost for potential licensees
- A much improved trust level between licensee and inventor
- Access to the creativity of independent inventors from within the US and around the world
- Ability to increase the new product pipeline without incurring fixed overhead
If you're interested in growing your company's product range, contact us today to discuss how Turn-Key Licensing can benefit your business.