Monetize a Patent

Patent monetization is the process of generating revenue from a patent. There are several ways to monetize a patent, including:
Selling: Patent owners can sell their patents directly or through a broker.
Licensing: Patent owners can grant another company the right to use or develop their patented technology in exchange for a licensing fee or royalty payments.
Donating: Businesses with large patent portfolios can donate their patents to universities, research organizations, and other public entities.
Building a business around it: Patent owners can build a business around their patented invention.
Enforcing patents: Other parties can make revenue by buying high-potential patents and enforcing them against suspected infringers for higher royalties.
Other factors that can influence the profitability of a patent include:
The profitability of the industry in which the patented technology is employed
Locating companies, businesses, and industries where the invention can be utilized
Patent monetization is mainstream but not appropriate for all companies.