Ask anyone who works in intellectual property management and they’ll tell you: Patents ain’t cheap. (Well, some would use better grammar, but the sentiment is the same.) We’re talking $20K for a U.S. filing alone, and that doesn’t include the ongoing maintenance fees....
Effectively managing intellectual property (IP) requires being selective about where to direct your limited resources. Not every technology can (or should) go to market. So how do you determine which innovations are poised for commercialization success and which have low-potential and should be released/abandoned? For the most efficient use of resources, the best practice is to start with a technology screening. Today we’ll consider what that involves. Triage First to Check for Red Flags When a technology first comes into the office — usually in the form of an invention disclosure — there is the preliminary step of confirming that the technology doesn’t have any major show-stoppers. Before investing any resources in screening the technology…
The U.S. Patent and Trademark Office has recently announced a new program to allow companies to pay $4,000 (rather than the standard ~$1,000) to have the review of a patent application expedited. Currently patents take about 35 months to process to final action (25 months for the first action).
In my post last week, I talked about using competitive intelligence to implement Symbiotic Innovation. The same market research conducted for preliminary screenings to prioritize your technology commercialization opportunities for spin-out can inform your R&D, product development, and spin-in efforts. And vice versa.
Editor’s note: This is the fourth in a six-post series on how Fuentek views technology licensing through a new PRISM. Success in pursuing proactive intellectual property (IP) management and technology commercialization depends upon having a solid institutional memory....
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