Henry Chesbrough of Open Innovation fame gives a very detailed presentation of his material in this 2004 video presentation to the Xerox PARC community. He puts forward the idea that innovators need to become conversant with the principles of IP management in order to be able to access external technology and maximize the return of investment of their own labs.
Check it out here.
Of course this is preaching to the choir here.
A complete innovation delivery has to include some consideration of what happens when you are successful! Basic knowledge around Patent Law isn’t hard to understand. A business that depends on technology requires an IP strategy to protect and grow THE BUSINESS.
If you are in the Business of Innovation I would fully recommend “The Fundamentals of Intellectual Property Licensing” course organised and delivered by the Licensing Excecutives Society Internal (LESI)
I would not for a minute diminish the important role your attorney or patent agent will play. Some things are clearly too important to do in a DIY fashion. Innovators who understand IP and businesses that understand IP and have developed strategies will use their legal resources more effectively and get much better value.
I have probably spent as much time involved in the management of IP as I have in Innovation practice and see the benefits that having both bring.
Interested in Feedback of course…
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