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1
Case of licensing
  • A multinational company, who owns a number of licensable technologies, assigns special recourses to manage their IPs, but there are still some difficulties. First, it’s hard to find the opportunities in Far East market because it is impossible to set up many licensing positions around the world. Second, their technologies cover many fields, which makes it impossible for licensing staff to know all of technologies. When someone asks a question about certain technology, the licensing staff have to spend more time on investigation. Besides, the licensing staff always complain that most of the inquirers have no serious interest in their technologies. Fortunately, all problems were solved by the cooperation with Coway. Coway helped them find licensees in China and identified the authenticity. Depending on the extensive industry network, Coway is able to find the potential licensees with more efficiency than themselves. Their technologies are assigned to Coway's project managers who have the same knowledge background as the technology.Their experiences help them grasp correctly customers’ requirement and feed back satisfactory information. “Our cost has been reduced, but efficiency has been increased remarkably, which indicates that our cooperation with Coway is successful,” said Licensing Director of this company.
  • An important Chinese professional manufacturer of food addictive and pharmaceutical intermediate has strong willing to look for an advanced bio-technology. His basic requirement is a competitive technology with reasonable price for popular production in the market and his current equipment must be used for the new technology. Coway conducted lots of research and market investigation based on the requirement; finally, we decided that the bio-fermentation technology to produce Vitamine B2 was the best one for this manufacturer. Then Coway asked for this technology to several overseas partners, in the following month, we got all feedbacks. We studied all received technologies, and finally, selected one technology from German. Then we arranged four face-to-face meetings for technical communication and business negotiation with the technology supplier and later the signing ceremony for the technology transferring was held in Coway.
 
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