We are creating business systems for production and sales, building products around a technology, companies around the products, and increasing the value of the companies and often exiting after the technology has been lifted into a whole new league.
There are several ways to make money from an invention, including:
- Licensing: We can license our invention to a company in exchange for royalties or a one-time fee.
- Manufacturing and selling: We can manufacture and sell our invention ourselves or through a partner company.
- Crowdfunding: We can raise funds for our invention through a crowdfunding platform.
- Patent: We can file for a patent to protect our invention and then license or sell the patent to others.
- Incubator or accelerator: We can join an incubator or accelerator program that provides funding and resources to help us develop and commercialize our invention.
The Axalton Group is conducting market research and determining the potential demand for our inventions, IP, as well as consulting with legal and financial professionals as well as strategic partners to achieve above average growth in various verticals.
In addition to making money from an invention, there are several other benefits that can come from inventing and commercializing a new product or technology, such as:
- Personal fulfillment: Inventing and bringing a new product or technology to market can be a rewarding and fulfilling experience.
- Job creation: If we decide to manufacture and sell our invention, it can create jobs in our local community or worldwide.
- Improving people’s lives: Our invention may have the potential to improve people’s lives in some way, such as by making things more convenient, safer, or more efficient.
- Building a reputation: Successfully commercializing an invention can help establish us as an inventor or entrepreneur, which can open doors to future opportunities.
- Innovation: Our invention may inspire other people to innovate, which can lead to more innovation and progress in our industry.
We at Axalton know that bringing an invention to market is a complex process that can take a lot of time and resources, but it can be a rewarding experience for those who are willing to put in the work.