Patent brokering and marketing service activities

NACE code 74.91 covers patent brokering and marketing service activities, which play a crucial role in the commercialization and monetization of intellectual property. This industry facilitates the transfer of patent rights and licenses between patent owners and potential buyers or licensees, enabling the effective utilization of innovative technologies across various sectors of the economy. By connecting patent holders with interested parties, this industry helps drive innovation, foster technological advancements, and generate economic value.

The primary activities within the patent brokering and marketing service industry involve identifying and evaluating patented technologies, assessing their market potential, and connecting patent owners with prospective buyers or licensees. Professionals in this field utilize specialized market research, valuation techniques, and negotiation skills to facilitate the successful transfer of patent rights. They also provide advisory services to help clients navigate the complex legal and regulatory landscape surrounding intellectual property management.

The key inputs required for the patent brokering and marketing service industry include a deep understanding of intellectual property laws, extensive industry knowledge, and a robust network of contacts within the technology and business communities. Professionals in this field must also have strong analytical and communication skills to effectively evaluate patent portfolios, identify market opportunities, and negotiate favorable terms for their clients.

The primary output of the patent brokering and marketing service industry is the successful transfer of patent rights and licenses between patent owners and interested parties. This can lead to the commercialization of innovative technologies, the generation of licensing revenue for patent holders, and the adoption of new technologies by businesses and consumers. The outputs of this industry can have far-reaching impacts on various 72.11 Research and experimental development on biotechnology, 26.11 Manufacture of electronic components, and 62.01 Computer programming activities industries, among others.