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Finding Ideas, Inventions and Creations in Companies – IP Audits XII

Intellectual Property (IP) is like any other business tool, and a company must know how to use it to gain business and financial value. Simply put, Intellectual Property can add value to a company, provided the company wants it to add value, invests in IP appropriately, and knows how to derive value from IP. Many companies lose out on value from intellectual property because of lack of commitment, investment or knowledge. Value of IP Audits As outlined earlier, an IP…

January 23, 2016 BananaIP Reporter Intellectual Property, IP Audits 0Comment 967Views 0Like

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Finding Ideas, Inventions and Creations in Companies: IP Audits VI

Case Experience 3 - IP Audit for a Start Up The case experiences are based on the 120 audits we had performed in India over the last ten years. The audits gave us invaluable insights into the role of IP in business in the Indian context, and we have tried to encapsulate some basic results/learnings at a macro level through these experiences. The names of companies and business details have been consciously avoided to comply with confidentiality covenants and professional…

January 15, 2016 BananaIP Reporter Intellectual Property, IP Audits 0Comment 872Views 0Like

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Finding Ideas, Inventions and Creations in Companies: IP Audits IV

Case Experience 1 - IP Audit at a Large Multi-National Company The case experiences are based on the 120 audits we had performed in India over the last ten years. The audits gave us invaluable insights into the role of IP in business in the Indian context, and we have tried to encapsulate some basic results/learnings at a macro level through these experiences. The names of companies and business details have been consciously avoided to comply with confidentiality covenants and…

January 13, 2016 BananaIP Reporter Intellectual Property, IP Audits 0Comment 770Views 0Like

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Finding Ideas, Inventions and Creations in Companies – IP Audits III

Every company has a ton of ideas, potential intellectual assets, waiting to be found. Excavating/Mining all of them is not very easy because they are often lurking in the haystack of information, materials and minds. The task requires special research skills, knowledge of business processes, unique people skills, extensive document review, and keen/informed minds. The quantity and quality of ideas that can be mined always depends on the skills and abilities of the miner/auditor. The Process The process of finding…

January 12, 2016 BananaIP Reporter Intellectual Property, IP Audits 0Comment 743Views 0Like

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Finding Ideas, Inventions and Creations – IP Audits II

Discovering ideas in a company is an important, but a very difficult task to accomplish. Three basic factors, among others, make the process of discovery very complex and arduous. They are: Internal biases; External environment; and knowledge and process issues. R & D and engineering divisions of many companies in India have an inherent bias against IP protection, and often take up IP activities only due to pressure from the senior management, and not because they believe…