What is Your Technology Protection Strategy?
Intellectual property development is an essential part of the assets of many high-technology companies. Companies have been bought and sold strictly for the value of their technology and intellectual property. Others, such as some microprocessor and cable companies, have virtually no other owned assets than their intellectual property. A good example would be a well known cell technology company and Fortune 500 member that derives about 90% of ifs revenue from licensing. Many inventors are unfamiliar with doing strategies for technical claims of a patent for a new invention. Electronics and electro-mechanical technologies are especially intricate due to the nature of the technology and the intellectual property rights involved. A company sometimes risks losing ownership of their own intellectual property when they fail to adequately protect themselves. When engaging another company to provide the engineering that embodies the concept or idea behind the implementation, they can unwittingly open the door to violations of patenting rules Therefore, it is important to work with an engineering team engineering team that fully understands technical claims and the patenting process. An individual inventor invests so much in their idea it would be a shame for a good idea to end up un-patent able or for someone else to capitalize on it because of this type of an error. Patenting of green technology intellectual property plays a key role in the development of new technologies for reducing foreign dependency, carbon and saving money. Licensing can be used to get the technology into broad use. Licensing provides a legal framework for the development of patented technology. Every patented technology is different so the licensing agreement must also be unique. Licensing allows wider dissemination, green or otherwise, because the additional uses for the invention can continue to progress under a licensing agreement.
Why Invest in Technology and Intellectual Property Development?
Think of intellectual property protection as an expansion of protection for your innovations with a foundation based on your resources. A novelty item with a large market that is expected to last one season may not be worth spending much time or money to protect. However, blocking competition for a product into which you have invested 100’s of thousands of dollars would be critical from the beginning. A very novel but simple product, that would be very easy to duplicate also needs protection. What you are most interested in protecting is the concept behind the product, not only its implementation. We have worked with many companies with truly innovative approaches which should have been protected, but in the race to get it to market they gave away their means to domination of their field.
Almost every technology company invests in intellectual property because it is fundamental to the types of products that are developed, and survival in these markets. Frequently they are necessary when an inventor seeks funding from investors. Technical claims for electronic products, in particular, are often quite elaborate and need to cover areas the inventor hasn’t thought of. In order to keep from infringing on another’s patenting rights; consult a good engineering firm; that has experience with patents and technical claims. They can identify and propose solutions to areas of potential violations. Having an engineering firm that can help in this way provides you with a little extra insurance that you haven’t missed anything.
With the current upsurge towards the building of a new energy economy, patenting the rights to green technology and intellectual property has soared to the forefront. Advantage has a lead in this area due to our experience with a number of smart-grid and other green engineering projects. These evolving clean & green technologies now have opportunities beyond the traditional uses for patent owners. Green patents are even being used to form *“patent pools” in order to simplify licensing and get products rapidly developed Corporations are using these new opportunities to promote teamed and joint development as well as to utilize flexible owner initiated licensing. Green technology patents are the future of sustainable energy development and the U.S. government is investing heavily in them
An inventor has an innovative idea for a new electronic product … then what? Where do they go to find electrical engineering designers who can help with technical claim strategies or develop the idea into a working model of the device? Where do they find information to help them prevent their design from being stolen by others? It is important in the world of technology, to find the right company to guide you through these intricacies.
*(Patent pool is a consortium of at least two parties agreeing to cross-license patents relating to specific technologies. The creation of a patent pool can save patentees and licensees time and money It may be the only reasonable method for making the inventions available rapidly enough).