Joint ventures offer many opportunities that a standard licensing agreement may not. ALT will engage in joint ventures for several reasons; primarily to make its technology more available to small businesses. Joint ventures will have two main forms; intellectual venture and collaboration.

Pursuing an intellectual venture with Advanced Light Technologies means we will supply the technology and know-how and the partner will supply the business plan and all or a substantial portion of funding along with R&D and manufacturing.

Collaborative types of joint ventures will include co-development opportunities with ALT, partnering with a business to develop or produce a product for end use by ALT or other end user. Joint ventures may be structured with simple deferred royalties, and/or reduced down payments, or completed as joint ownership in patents and real property. ALT will remain flexible and open to your ideas and your particular needs in its joint venture agreements. The Right of First Refusal, First Look, Joint Ownership, and Shared Expense, can all be considered and negotiated. ALT will find creative solutions to promote any opportunity.