Patent and technology commercialization is the process of bringing a patented technology to the market and generating revenue from it. It involves identifying potential commercial applications for the technology, evaluating its market potential, and developing a strategy for commercializing it.

One of the most important steps in patent and technology commercialization is licensing. Licensing is the process of granting permission to another party to use the patented technology in exchange for a fee or royalty. This can be done through a variety of licensing agreements, including exclusive, non-exclusive, and cross-licensing agreements.

Another key aspect of patent and technology commercialization is marketing. This involves promoting the technology to potential licensees or buyers, highlighting its unique features and benefits, and demonstrating its potential value.

In some cases, patent and technology commercialization may also involve forming a startup company to develop and market the technology. This can involve raising capital, building a team, and developing a business plan.

Overall, patent and technology commercialization can be a complex process that requires expertise in intellectual property, business, and marketing. It is important to work with experienced professionals who can guide you through the process and help you maximize the value of your patented technology.