Inventor Qest

Licensing Your Idea

For many inventors this is the most practical route to market – and reward.

A good licensing agreement can remove a great deal of the cost and anxiety from your commercialisation process. Probably the biggest decision is “at what stage of development do you approach possible licensees”

There is no simple answer.

What is the nature of the invention?
What technologies are involved?
What is the nature of the market(s)?
What capabilities do you have?
How much input to the design will a licensee want?
How much do you want to earn – and when?
What resources and money do you have available?

All these questions, and more, play their part in deciding the optimum point for licensing. It is vital that this decision making process is built into your project plan from the earliest days – even if you think it unlikely that you will license your idea.

More information and example documents are available in our
Qest Handbook - Licensing Your Idea.