Through patents, trademarks, or drawings/models, you can protect your innovation and ensure that you have a monopoly on the usage thereof (internal valorisation). But you can also opt for an external valorisation.
The granting of licenses is an example of this. The commercial exploitation of intellectual property through licenses can be very financially rewarding for companies. License agreements may also store know-how (technical knowledge) that can valorise the intellectual heritage of a company.
License agreements also often form the basis for collaboration in terms of research and development.
Any company or research group interested in the use of foreign knowledge and technologies for their own innovation processes, or in the valorisation of their knowledge and innovations in an international context, can contact Enterprise Europe Network. This European network helps entrepreneurs to innovate, develop, and enhance their market, but also offers solutions for the biggest barrier to international business: finding business partners. In Brussels, the regional contact point is Enterprise Europe Brussels.