Patent/Product/Revenue Table For proposed new patent applications that are going to cover new products that will fit into the existing product lines that the company already sells, the “Patent/Product/Revenue Table” is used to look up the revenue and profits of those very similar items. If the similar products are generating strong revenues and [...]
"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 [...]
"Use" Map The first test is to evaluate the application using the “Use Map” figure (more completely described in chapter 13). This mapping done is to ensure the new patent application’s relevance to the corporations mission vision objectives. This proposed patent applications that map into the upper left-hand quadrant of the decision matrix [...]
Best practices in patent portfolio management are dependent on a number of factors, including the industry, technology, company, and personal risk tolerance. But by examining historical behavior, it is possible to find some commonalities among them that provide good general rules to go by. For overall portfolio management see the section in Chapter [...]
Key Fuzzy Front End IP Decision Criteria In their work on Fuzzy Front End processes, Yonghee Cho and his colleagues were able to identify techniques which can help with IP evaluation and selection in the fuzzy front end (FFE) of new product development (NPD) process. Based upon 300 companies in US based electronic [...]
As a guideline to processing proprietary information agreements, the following generalized process for large corporations is recommended as a guide. There is ideation management software available that integrates such processes with email systems to reduce the time taken for execution. The steps are: 1. The Originator determines if there is confidential information that [...]
Part of successfully commercializing new business and technology development projects relies on solid project leadership. The role of a project leader is to commercialize the project objectives. This includes the ability to develop, establish, coordinate, and negotiate deliverables with customers and end-users. The project leader also needs to actively manage activities and resources [...]
Most everyone knows about Agile sprints for software development, but they can also be applied to developing physical products. One of the most powerful approaches is an Innovation Sprint. Innovation Sprints are short (1-2 week) spurts of product ideation activity that combine the best practices of Design Thinking (customer centered innovation and prototyping) [...]
As business and technology development projects are initiated, it’s important to get them started in a way that will improve their chances of generating commercial success. One way to do this is to utilize patents for their ability to supply background information in the technical and market areas. They are most helpful in [...]
The “Opportunity Screening Worksheet – Second Cut” figure shows the detailed questions and scoring for the second round of work and evaluation. Opportunity Screening Worksheet – Second Cut Also provided is the “Opportunity Screening Worksheet – Third Cut” figure. During the second and third cuts, promising ideas get more attention. Opportunity Screening Worksheet [...]
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