"Everybody knows we were working to get this industry licensed," Mr. Grigoriyev said.
He proposed, in effect, the industry licensing of "first class" journalists for want of a better description.
It is one of the largest ever initial payments in a pharmaceutical industry licensing deal that does not involve a drug already being tested in clinical trials.
According to music industry body the British Phonographic Industry, licensing tie-ups between record companies and film, TV and advertising companies, referred to as "sync" deals, is still small but rapidly growing.
In a paper about the system that he wrote last May, he said that the M.I.T. project raised issues that the industry licensing organizations had never considered, even though they might apply to radio as well.
Even as it faces a $5 billion budget deficit, service cuts and possible layoffs, the Bloomberg administration is preparing to spend several million dollars to hire a private testing firm to administer construction industry licensing exams that are currently overseen by city employees.
Certain aspects of the aviation industry licensing process have also been studied and selected practices have been investigated as possibly suitable for use in nuclear licensing.
While common in the toy industry, licensing has not been the preferred strategy among venture-funded edtech startups.
By tying it directly to the sales system, and connecting to the insurance industry licensing database, it would in theory prevent anyone from selling without proper licensing.
"There are also BD types engaged within tech-transfer entities at universities whose job it is to work with the inventors to generate good summaries of inventions they want to see commercialized, and then find and engage prospective industry licensing partners," Brandon says.
