Unlike in the real property business, intellectual property licensing offers little transparency in pricing, no independent appraisal of the assets, rarely any information on what others have paid, and few if any ground rules.
There are 2.2 million U.S. patents in force and less than 10 percent of them are generating any licensing revenue. Jay Walker thinks his latest venture will awaken our economy’s “Sleeping Beauty” patents, which can be leveraged as springboards to innovation, business expansion and greater economic competitiveness.
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