If you REALLY believe in the value of this algorithm, I would think the best way to monetize it would be to put it to commercial use. The usual reason to license is because implementation requires too much capital. Algorithm commercialization is cheap.
Ask HN: How to monetize an algorithm?
11–14 of 14 posts
Re: Ask HN: How to monetize an algorithm?
#12Do a literature search (I'll try to find mine), whether you have a effective /original named entity recognition algo, how scalable and domain-specific it is. This is also referred to, or covered in related research, as anaphora or antecedent resolution and co-reference / record linkage / deduplication. sounds kinda like a gazzetteer (sp?)
To quote one paper (ginormous project, 4 PI's at UIUC):
http://serrano.ai.uiuc.edu/doi/
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research on methods for Named Entity Recognition (NER) is voluminous but has tended to focus on the problem in widely used languages such as English, otherWestern European languages, Arabic, and Asian languages such as Chinese, Japanese and Korean.
Re: Ask HN: How to monetize an algorithm?
#13Do a literature search (I'll try to find mine), whether you have a effective /original named entity recognition algo, how scalable and domain-specific it is. This is also referred to, or covered in related research, as anaphora or antecedent resolution and co-reference / record linkage / deduplication. sounds kinda like a gazzetteer (sp?) To quote one paper (ginormous project, 4 PI's at UIUC): http://serrano.ai.uiuc.…
I'm guessing that youre doing some kinda work in NLP, so you know where the literature is, but for folks who aren't, the first stop is
http://aclweb.org/anthology-new/
i have in my notes that NER was a conference task for 2003
Re: Ask HN: How to monetize an algorithm?
#14Question is what do you really want out of life.
Is it good enough to be the basis of a company? Are you daring enough to start a company? These are some questions you have to answer.
I think the best way is to demo this by starting a free service. If its good enough and meets people's needs you people will go to you with offers.