Your patent has been filed, maybe even granted. Now what? Many inventors wait for a company to call. That almost never happens. Licensees have to be found actively and systematically. Here are six steps that have proven effective in practice. 1. Find the right companies Ask yourself: Who makes money with my invention? Usually that means manufacturers in your industry, their suppliers and their competitors. An often overlooked tip: Search the patent databases, for example Espa

I hear this question from inventors in almost every initial consultation. The honest answer is: It depends. Since that doesn't help anyone, I'll show you here what does matter and how you can make the right decision. Option 1: Sell the patent When you sell, you transfer your patent to a company for a one-time payment. The advantages: You will receive money immediately. The risk lies with the buyer. Whether the product is successful on the market is no longer your concern. The

In 32 years and over 100 projects, I've seen many good ideas fail. Rarely because of the idea itself, but mostly due to avoidable mistakes in the first few months. Here are the five most common ones and how to avoid them. 1. Revealing the idea too early Trade fair, crowdfunding, an Instagram post, a pitch without a non-disclosure agreement: In Europe, an invention is only considered novel if it was not publicly disclosed anywhere before registration. This applies even if you

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