Licensing provides a pathway for technology transfer, enabling organizations to utilize innovations without investing heavily in R&D. Key reasons to consider licensing include:
- Cost Efficiency: Access to proven technologies without the initial development costs. - Speed to Market: Accelerates the introduction of new products and processes. - Risk Mitigation: Reduces the financial and operational risks associated with technology development. - Access to Expertise: Gains insights and support from the licensors who have developed and refined the technology.
