You have questions? We've got answers!
Licensing is how inventors make money from their ideas. Starting a company to make and sell a product is taking on the journey of becoming an entrepreneur, and is a lifestyle choice that is much more life-altering than licensing. While it is true that you could potentially make more money as an entrepreneur, it is also true that you will invest much more time and money to find out. There are many advantages to licensing.
We choose based on many factors: our belief in our ability to be successful with the product, how exciting the product is to us, how well we understand the product’s market, how close the product development is to complete, how easy it is to work with the inventor, how likely we think it is that one of our key partners would say “yes”, how well it synergizes with the other projects we are working on at that time, how busy we are, our gut.
Trident is a boutique commercialization consultancy, and we deliver a personalized experience with a high level of professionalism, experience and expertise. We love what we do and are passionate about supporting our clients. We see it as a privilege to be in the business of inventing the future, and are excited to work with an amazing array of skillful inventors of all stripes. We are selective about the projects we get involved with, and If we express interest in collaborating, it is because we believe in your idea and are willing to invest our time and energy in your venture. We play win/win; we are clear that we provide enormous advantage to the inventors for whom it makes sense for us to work with and we are always looking for the next great idea to put our resources behind.
This depends on the deal. Usually, the inventor covers patenting costs, and once a license is in place, the licensee takes on all additional development costs. Sometimes it can be negotiated that the licensee handles patenting costs as well. Trident is never responsible for any expenses unless explicitly agreed on in advance.