Technology Commercialization involves many steps from the time at which an idea is conceived through to the establishment and operation of a profitable company. The steps required to see the successful commercialization of a technology are unique to every business and may include any number of the following:
- development and testing of prototypes
- conduction of experiments
- development of a strategic plan for intellectual property protection
- preparation and filing of patent, trademark and industrial design applications
- writing of business plans
- obtainment of financing, partners and investors
- establishiment of business entities
- negotiation or development of strategic alliances
- negotiation and drafting of licensing agreements
- development and execution of marketing plans
- development and execution of production plans
At Hicks & Associates, we assist our clients through all stages of the technology commercialization cycle including:
- the strategic development and management of IP portfolios
- the development and negotiation of business contracts including licensing agreements