One Simple Idea Turn Your Dreams into a LICENSING GOlDMINE While letting OTHERS DO THE WORK STEPHEN KEY New York Chicago San Francisco Lisbon London Madrid Mexico City Milan New Delhi San Juan Seoul Singapore Sydney Toronto The McGraw-Hili Companies Copyright © 2011 by Stephen Key. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 QFR/QFR 1 9 8 7 6 5 4 3 2 1 ISBN 978·0-07-175615-0 MHID 0-07-175615-9 Library of Congress Cataloging-in-Publication Data Key, Stephen. One simple idea: turn your dreams irito a licensing goldmine while letting others do the work / Stephen Key. p. cm. ISBN 978-0-07-175615-0 (hardback) 1. Inventions-Marketing. 2. Entrepreneurship. 3. Inventions. 4. New business enterprises-Management. I. Title. T339.K49 2011 658.1-dc22 2010047471 Interior design by Monica Baziuk McGraw-Hill books are available at special quantity discounts to use as premiums and sales promotions or for use in corporate training programs. To contact a representative, please e-mail