Exploit
Stage 4: Recommendations for development and/or exploitation
The commercial exploitation of the innnovation is potentially the most important stage of the whole process where you aim to get a return on your investment.
The exploitation stage involves selecting the best exploitation route for the Intellectual Property through licensing, forming a joint venture with a third party or forming a new spinout company.
ProspectIP can support you in choosing the most appropriate route for the successful exploitation of the invention.