Not every participant will want to create a new product or company from scratch. In some situations, opportunities may exist to manufacture, distribute, adapt, promote, or implement products and services developed by others. Licensing arrangements can create pathways for economic participation while reducing some of the risks associated with developing entirely new ventures. Participants may learn about licensing as one of several pathways available within innovation ecosystems.
Knowledge Base → Pathways & Livelihoods
What is a licensing opportunity?
Licensing allows people or organizations to use products, technologies, brands, or systems developed by others under agreed terms and conditions.
Related Questions
Can HIP help me generate income?
HIP is designed to help participants develop capabilities and explore pathways that may lead to employment, self-employment, entrepreneurship, or other forms of economic participation.
Read full answer →What can participants gain from HIP?
Participants can gain skills, experience, networks, confidence, and pathways toward employment, self-employment, entrepreneurship, and community leadership.
Read full answer →What is the difference between employment, self-employment, and entrepreneurship?
HIP recognizes multiple pathways to economic participation and does not assume that everyone should start a business.
Read full answer →What is a microfranchise?
Microfranchising adapts some of the principles of franchising to create opportunities that are accessible to individuals and communities with limited resources.
Rather than requiring participants to invent a completely new business, microfranchise models provide structured ways to participate in product distribution, sales, service delivery, or other economic activities.
HIP may expose participants to microfranchise opportunities as one possible pathway toward income generation and community development.
Can participants continue to be involved after the HIP Challenge ends?
Yes. HIP is intended to be the beginning of a longer journey rather than a one-time program.
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