Nonprofits Get Busy with Licensing

According to License! Global magazine the Boy Scouts of America (BSA) have signed on several new licensees. The Boy Scouts of America is a nonprofit organization that "provides a program for young people that builds character, trains them in the responsibilities of participating citizenship, and develops personal fitness." (www.scouting.org).

Hawthorn Village's BSA Express Model Train
Image Courtesy of www.licensemag.com

The Boy Scouts of America is one of a handful of nonprofits who have recognized that they can generate additional revenue by licensing their intellectual property. New licensees for the BSA will launch branded bug repellent products, apparel, scrapbooking supplies and more. Coming out in the first quarter of 2013, consumers will find BSA model trains, camp knives and pinewood derby kits.

Interested in learning more about licensing for nonprofits? MyMediabox works with the ASPCA and National Wildlife Federation to streamline the product approval process. For more information visit us at www.mymediabox.com or click here to schedule a demo.

MyMediabox offers hosted solutions for digital asset management (Mediabox-DAM), product approvals (Mediabox-PA) and deal memo management (Mediabox-DM).