How To Market and Protect Your Innovative Ideas

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The property transfer market is now estimated to be worth over $100 billion. If you’ve got a replacement idea, a patent or an invention, you’ll be ready to license it or sell it for many dollars. Many Fortune 500 companies are now making their property available purchasable or licensing at new online intellectual-property exchanges. These companies try to maximise their return on research and development investment and generate a replacement source of revenue by licensing their unused and underutilized inventions to others.

A number of online forums, including Minnesota-based NewIdeaTrade.com
(http://www.newideatrade.com), California-based Pl-x.com (http://www.pl-x.com), and Connecticut-based PatentTriage.com (http://www.patenttriage.com) now link buyers and sellers of property the normal transfer of property is complicated, costly, and may take up to at least one year. However, these online forums simplify and speed up the method for transfer of latest ideas.

The Internet currently reaches quite 560 million users round the world. This makes innovators’ potential for exposure much above with traditional sorts of media. The worldwide online commerce has reached $2.2 trillion in 2002 and is predicted to succeed in $6.8 trillion by 2004. The innovators today can leverage the huge reach of the web and promote their new ideas to the worldwide market without substantial marketing costs.

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