Licensing services for the right to use R&D products
CPC v2.1 Code: 73330
About licensing services for the right to use r&d products
cpc code 73330 covers the licensing services for the right to use research and development (R&D) products. This industry plays a crucial role in the broader economy by facilitating the transfer of innovative technologies and intellectual property between organizations. By enabling the commercial use of R&D outputs, this industry helps drive innovation, productivity, and economic growth across various sectors.
Production process
The main production technique in this industry involves the negotiation and establishment of licensing agreements. This typically includes defining the scope of the licensed rights, determining royalty rates, and outlining the terms and conditions for the use of the R&D products. Licensing professionals work closely with both the owners of the intellectual property and the organizations seeking to utilize it, ensuring a mutually beneficial arrangement.
Production inputs
The key inputs for this industry include the R&D products themselves, which can encompass a wide range of innovations, technologies, and intellectual property. Licensing professionals also require access to legal expertise, market intelligence, and negotiation skills to effectively broker and manage the licensing agreements. Additionally, this industry relies on a robust ecosystem of R&D-intensive sectors, such as 54171 Scientific research and development services and 51121 Software publishers, which generate the innovative outputs that are licensed.
Production outputs
The primary output of this industry is the licensing of R&D products, which enables organizations to legally utilize and commercialize innovative technologies, processes, and intellectual property. The licensed outputs can be consumed by a wide range of industries, including 54171 Scientific research and development services, 51121 Software publishers, 33411 Computer and peripheral equipment manufacturing, and 33451 Navigational, measuring, electromedical, and control instruments manufacturing, among others. By facilitating the transfer of knowledge and technology, this industry supports the broader innovation ecosystem and contributes to economic growth and competitiveness.
Family tree for licensing services for the right to use r&d products
graph LR
A["<a href='/classifications/cpc/v2-1/7'>7: Financial and related services; real estate services; and rental and leasing services</a>"]
A --> B["<a href='/classifications/cpc/v2-1/73'>73: Leasing or rental services without operator</a>"]
B --> C["<a href='/classifications/cpc/v2-1/733'>733: Licensing services for the right to use intellectual property and similar products</a>"]
C --> D["<a href='/classifications/cpc/v2-1/7333'>7333: Licensing services for the right to use R&D products</a>"]
D --> E["<a href='/classifications/cpc/v2-1/73330'>73330: Licensing services for the right to use R&D products</a>"]
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