Licensing patents falls into two categories:“stick” licensing, where patent owners seek compensation for current use of patented inventions, and “carrot” licensing, where patent owners seek licensees willing to develop new products based on their patented inventions.
We engage in carrot licensing.
Most of our licensing projects are in the pharmaceutical and materials science industries. However, we will also consider licensing projects in other industries.
Our licensing projects follow four phases:
These are usually long-term projects, taking more than two years.
In general, we work on a success-fee basis. Therefore, we only undertake projects for which we are well-qualified, and which we believe will be successful and able to offer a significant technical breakthrough.