Dynamic Tools for Invention Review

Intellectual property is an asset.

As globalization has commoditized many traditional corporate assets, the value of IP assets has been magnified. Without strong IP assets many companies will unquestionably lose their competitive advantage.

Why is an Invention Review Process valuable?

Innovative ideas can become valuable corporate assets. Most, however, do not achieve their full value. Innovative ideas languish in hard drives, desk drawers, and in the hands of the wrong people or in the hands of the right people at the wrong time. And all the while, time is ticking away. Languishing inventions are being surpassed by competitive ideas. A thorough and adoptable invention review process can change everything for a good invention.

With a strong Invention Review Process in place, an invention can thrive as an IP asset such as:

  • Patent and Patent Application
  • Trademark and Copyright
  • Enforceable Trade Secret
  • Defensive Publication
  • Licensable asset
  • Peer Reviewed Article

 Business Outcomes of a good Invention Review Process

  • Licensing revenue from partners, customers and competitors
  • Higher product/service margins
  • Strong IP portfolio
  • Preventing competitors from patenting
  • Strong and enforceable trade secrets
  • Market dominance
  • Favorable litigation verdicts and settlements
  • Growth in shareholder value

To read more about dynamic tools for innovation management see this overview.

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