Patent Monetization

A patent is an intangible asset. It reflects owner's right to profit from his creation, an invention. However, merely owning the rights in a patent does not amount to actual cash flow unless the patent owner takes additional steps to monetize those rights. Patent monetization has emerged as a promising cash-generator for many businesses to generate a significant amount of revenue.

Monetizing changes an intangible asset i.e. the patent -- into a stream of revenue. Patent monetization defines an assortment of approaches for extracting value from and otherwise financially leveraging patents. Heightened awareness about the value of patents has led to an increased focus on ways to patent monetization beyond the standard techniques of direct patent licensing and enforcement by patent owners.