proprietary technology

Proprietary technology refers to innovations, methods, or tools created and owned by a company that are not available for others to use or copy without permission. This ownership typically grants the company a competitive advantage, as their technology is unique to them. Examples include patented inventions, specialized software, or unique processes. Proprietary technology helps companies protect their ideas, maintain market position, and generate revenue through licensing or exclusive use. It’s an important part of how many businesses differentiate themselves and sustain their innovation edge.