“IP Value” Map

The second test is to evaluate the application using the “IP Value Map” figure (also more completely described in previous posts). This second mapping is done by comparing the proposed patent application to other similar prior art, and commercial products and services known to the project team. Again new patent applications that map in the upper left quadrant of the decision matrix should be thoughtfully and timely prosecuted. Those that map in the lower right quadrant should not be considered for prosecution. Depending upon the corporation’s vision, mission and objectives, either the upper right or lower left quadrant will be relevant to the Corporation. The other of these two quadrants will not. If the patent application is mapped in the relevant quadrant, the patent application should be prosecuted in a thoughtful manner. If the new application maps in the outlying quadrant, prosecution should not be considered.