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Andrew Krauss, co-founder of Invent Right, has been coaching entrepreneurs and inventors on product licensing for 20 years. With over 500 videos on their channel, they help commercialize inventions through licensing. Product licensing involves renting out your product idea to an existing company, who will bring it to market and pay you a royalty. This eliminates the need to start your own company, write a business plan, raise capital, and do marketing and manufacturing. It is a partnership where you provide the idea and the company does the heavy lifting.
