A collaborator licence allows you to view, update and edit content within Smartsheet sheets. Most people require a collaborator licence to view and input information into Smartsheet. You currently have a collaborator licence.
An individual licence allows you to create new sheets, reports and dashboards and edit the structure of existing sheets, reports and dashboards. Individual licences allow you to create forms and add automation to sheets. A small number of people require this type of licence; as there are limited numbers available, you will be asked to justify why you need this type of licence and may be granted this licence on a temporary basis to create the functionality you need in Smartsheet.