How to Rocket Your Startup to Success

NASA is offering startups the opportunity to license their intellectual property technology for no upfront cost. And you can work with their IP for up to three years without paying any royalty.

Why is NASA doing this? Because they want to be a resource and partner with start-ups to commercialize their technology. They’re doing this to address two key start-up issues:

  • Raising capital
  • Getting access to good technology IP

Some of the worlds most famous and successful inventions  were created using NASA IP. These include cordless tools such as power drills and vacuum cleaners, CAT scanners, the computer microchip, and freeze-dried foods, home insulation, invisible braces, enriched baby food, the video game joystick, LED lights, memory foam and many others.

NASA’s licensing terms make it easy for a start-up to license the technology. There’s no upfront fee and no royalty payments due for up to three years. The licenses are non exclusive, but they’re open to negotiating exclusivity depending on the situation.

NASA offers a variety of technologies in a number of industries including aeronautics, communications, electronics, environmental, health, and many others. You can view all the different intellectual properties available for licensing at this website,  http://technology.nasa.gov/startup.

To qualify, your startup must be in business for less than a year, have less than 50 employees, and secured less than $2 million in funding. The products must be primarily produced in the US. Once you start selling the products, the minimum guarantee requirement is $3,000 per year, and the royalty rate is 4.2% of gross sales.

Intellectual property is the most valuable asset of every startup. Acquiring rights to a valuable technology for no money upfront is a fast track way to launching your start-up. Plus you get the added benefit of NASA, their resources, and a great opportunity to license what could turn out to be the next multi-million or billion-dollar product.

Click here to listen to podcast interview with head of NASA licensing.

Rand Brenner Author
Founder , Licensing4Profits
Rand Brenner is an IP professional whose passion is helping inventors, startups, and businesses of all sizes use licensing to turn their IP into income-producing products, services, and technologies. His decades of experience includes medical devices to food technology to consumer products. He’s licensed some of the biggest Hollywood entertainment blockbusters including the Batman Movies (1 and 2), and the Mighty Morphin Power Rangers. Rand is a featured speaker on licensing at investment conferences, trade shows, colleges and startup events. He’s a published writer with articles appearing in several prestigious trade magazines. Rand also mentors at Cal State Fullerton Business School and is a judge for their startup business plan competitions.

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