invention licensing success stories

The licensing success of the Polaroid instant camera technology is also notable. Polaroid licensed its unique instant - photo - developing technology to other companies. This not only increased the reach of the technology but also made Polaroid a well - known brand globally. Through licensing, Polaroid was able to collaborate with different partners, expanding its market share and influencing the photography industry for a long time.

In the tech industry, the ARM architecture licensing is a huge success. ARM Holdings licenses its architecture to companies like Apple, Samsung, etc. This enables these companies to design their own chips based on the ARM architecture. It has been so successful that ARM - based chips are used in a vast majority of mobile devices. This licensing model has made ARM a dominant force in the mobile chip design space, and it has also allowed device manufacturers to create custom - made, power - efficient chips.

One licensing success story is that of Lego. They have successfully licensed their brand for various movies and video games. This has not only increased their brand awareness but also brought in a significant amount of revenue. For example, the Lego Movie was a huge hit, and it attracted fans both old and new. The licensing deal allowed Lego to reach a wider audience through the medium of film.

Hello Kitty is also a great character licensing success. Sanrio, the company behind Hello Kitty, has licensed the character to be on everything from school supplies to high - end fashion items. Hello Kitty's simple yet cute design has made it extremely popular, especially among young girls and women. The character's presence in different product categories has made it a global phenomenon and has contributed significantly to Sanrio's financial success.

A notable success could be when Rubbermaid licensed its name to a manufacturer of outdoor products. The new line of Rubbermaid - branded outdoor storage and gardening items became very popular. It was due to the trust consumers already had in the Rubbermaid name, combined with the new product range that met the needs of outdoor enthusiasts.

Good market research is crucial. A company needs to know which products are in demand and which partners would be suitable for licensing. For instance, in the case of Barbie dolls, Mattel has done extensive research to find the right licensees for different product categories like clothing and homewares. Also, legal protection of the brand is important. Brands need to have proper trademarks and copyrights in place to safeguard their intellectual property during the licensing process. This helps prevent unauthorized use and maintains the brand's integrity.

Innovation and continuous improvement of the patented technology are also important. If a company keeps enhancing its technology, it becomes more attractive for licensees. Let's say a software company that licenses its patent for a productivity tool. If they keep adding new features and improving its functionality, more companies will be interested in licensing it as it can offer more value to their own products or services.

One example is the Snuggie. It's a simple yet quirky invention, basically a blanket with sleeves. It became a huge success as it provided warmth and freedom to use your hands, like holding a book or a remote. People loved its novelty and practicality.

One well - known invention royalty success story is that of the Polaroid camera. Edwin Land invented it, and the company earned substantial royalties from the sales of both the cameras and the instant film. People were fascinated by the ability to take a picture and see it develop almost instantly, which led to high sales volumes and lucrative royalties for the inventor and the company.

Another notable success story is in the lighting industry. GE has licensed some of its lighting technology to other manufacturers. This has allowed for a wider distribution of energy - efficient lighting products. The licensees can use GE's brand recognition and technology to reach more consumers. GE, on the other hand, can focus on further research and development in lighting while still maintaining a presence in the market through licensing.