How long might it take to find a licensee using the Direct or Indirect Approach?
When we use a Direct Solicitation Approach, we know within 1-3 months if there are any viable prospects for an invention, since we solicit all qualified prospective licensees at one time and know the results after doing the follow-up calls. There is no way of telling how long it might take with the Indirect Solicitation Approach, since the object is to get a lot of exposure to all types of prospects, many of whom may be unqualified. However, your advertisement on the web will be available for prospects to view 24 hours a day, 7 days a week, 365 days a year, from all around the world. The key is to get a lot of people looking at your item, qualified or not.
Related Questions
- Are corporate officers and directors who hold no direct or indirect ownership interest in the licensee considered "disclosable interest holders" that must be listed on Form 602?
- How long might it take to find a licensee using the Direct or Indirect Approach?
- Do Dramatherapists always use an indirect approach?
