The company decides what type of technology, product or process it wishes to acquire and the preferred attributes that a prospective partner should have.  It is also important to identify the sources of information and organisations who can help, and the company is often best placed to identify the key international players in its sector.

The more detailed the specification, the better chance there is of finding the technology. So it should define the technology involved, the features and performance characteristics, cost and investment parameters, and characteristics of a possible licensor.

The market opportunity will already have been defined and the technical assessment completed, so the company is now well prepared for the search.  It knows how it will bring the technology or product to market which strengthens its position in the search and negotiation process.

The company can look for technology itself or it can ask TechSearch at Enterprise Ireland to carry out a technology search, or it can do both. There are many sources including databases, networks, online information services and the Internet.

Technology is also available from research organisations and universities but some development work is usually required before it is market ready.

How Enterprise Ireland can help

As in all projects, a good specification is essential.   So Enterprise Ireland encourages companies to prepare thoroughly before starting a search, and to generate a Technology Licensing Summary document. 

On the TechSearch website you will find further information and case studies , as well as an on-line application that will guide you in considering your product or technology requirements  
Through this you can contact the TechSearch team of specialists for advice and assistance in finding new products and licenses.