Coping With the Economic Downturn: Online Forum Helps Businesses Generate Additional Sources of Revenue

A Minnesota based online forum for intellectual property is helping businesses maximize their return on research and development investment. Using NewIdeaTrade.coms worldwide reach, many companies are trying to generate additional sources of revenue by selling or licensing their unused and underutilized inventions to others.

SAINT CLOUD, Minn.--A Minnesota based online forum for intellectual property is helping businesses maximize their return on research and development investment. Using NewIdeaTrade.coms worldwide reach, many companies are trying to generate additional sources of revenue by selling or licensing their unused and underutilized inventions to others. NewIdeaTrade.com is an online trading community that provides a forum for buying and selling inventions, patents, copyrights, trademarks, and other intellectual property.

"Small businesses, independent inventors, and researchers often find it difficult to reach the global market because the traditional transfer of intellectual property is complicated, costly, fragmented, and slow," said spokesperson Neil Armand. "By providing a global forum for businesses, innovators and investors to find each other, NewIdeaTrade.com breaks down traditional geographic, industrial, and marketing barriers. Companies are turning to NewIdeaTrade.com because it simplifies and speeds up the process, cutting the marketing or search time down to as little as a few days."

Small companies that are not able to devote substantial amount of resources to research and development are able to locate and license inventions listed on NewIdeaTrade.com. Even larger companies save time and expense of developing new products and technologies on their own, by buying or licensing inventions listed on this trading community. Additional information about this forum is available at http://www.newideatrade.com/sell_ideas.htm.

NewIdeaTrade.com is a division of Minnesota based Global Commerce & Communication (http://www.gcchq.com), an IT company that provides Web development, Internet marketing, ecommerce, and customized software development services.