Compared to other options, in licensing reduces the time to market, reduces research and development costs, provides an entrance into a legally protected market, and helps build relationships with potential future strategic partners and acquisition candidates. Once licensing in strategy has been formulated, an organization would undertake the following four steps in order [...]
Success for an organization is driven by its ability to anticipate and satisfy its customers’ needs in an efficient, profitable manner. As rapid technological transformation of all industry continues, organizations cannot be expected to possess all the technology or intellectual property required to remain competitive. A sound, cohesive method for identifying internal technology [...]
Overview of an Innovation Workshop There are also times where an idea merits thoughtful exploration and add-on innovation. This is best done through structured work originally championed by the prolific IBM inventor John Cronin. He and his team developed a "Virtualized Innovation" process that delivers market-relevant, forward innovation concepts in a far shorter [...]
From a patent committee standpoint there are business decisions related to the patent prosecution process that must be made in a specific timeframe. These are shown in the “Patent Processing Decisions” figure. What’s important is that the deadlines shown on the figure have to be carefully followed in order to preserve patent rights [...]
Filing Priority Matrix Figure For large corporations once a decision has been made to file a patent the next issue associated is the priority of the filing so the legal department and external counsel prosecution schedules can be managed. The “Filing Priority Matrix” figure uses anchored scales to tie the time urgency of [...]
Invention Disclosure Evaluation Process Once an inventor fills out an invention disclosure is typically submitted to an entities’ patent committee or legal counsel for review. The “Invention Disclosure Evaluation Process” figure shows an overview of the process. The reviewing personnel assess the invention for its likely novelty, relative performance, relative cost to produce, [...]
Also listed in the disclosure should be: The most relevant potential application of the invention. Usually a company will supply a checklist of its business units along with an option to specify uses outside the company’s current product lines. A concise description of the invention. A clear description which explains the idea and [...]
Previous sections of this book have dealt with the management of the research and development / innovation processes using both traditional stage-and-gate processes as well as a lean / agile processes. It is during those processes that IP creation and documentation occurs. Invention Disclosure has to be conducted real time to be effective [...]
Deciding between a patent and a trade secret as a way to secure a sustained advantaged competitive position is not a black and white decision, but one where various shades of grey must be considered. As such a “Preferred Mode Matrix” is created. A team of experienced cross functional personnel, typically found in [...]
Self-Assessment of Patent Portfolio Visual means for performing a self-assessment of patents is shown in the “Self-Assessment of Patent Portfolio” figure. In this figure each patent of the Corporation (or for a large corporation each business unit) is plotted along two axes. The patent’s placement on the vertical axis corresponds to the business [...]
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