Perpetual Innovation

Category: patent primer

  • Busted, or not busted, our patent system

    One of the most revered, trusted and enduring of America’s industrial and technological advantages is our patent system.  Except that, it isn’t anymore.  Patents are included in the US Constitution, proof positive that the Foundering Fathers considered them critically important to the future of the country.  That was then, this is now and you’ll understand when you go to www.wired.com/2015/01/fixing-broken-patent-system.  It was written by Jay Walker,the founder of Priceline in the late 1990s.

    Here is an insightful chronology of how much the patent system benefited the country up until the last several decades.  The system is now too cumbersome and costly such that 95% (Walker’s data) of inventions are not available to small and medium size businesses.  Only the mega corporations have the human, financial and technological resources to fully utilize the system.  A study is cited stating that liberating the patent system from litigation-based costs and risks would create $200B/yr in increased economic output.
    Although Hall & Hinkelman (2015) in the Patent Primer 3.0 boast of Intellectual Property, mainly patents, as one of “the great equalizers of our lifetime”, not all companies who use patents are equally able to capitalize on them.
    References

    Hall, E. B. & Hinkelman, R. M. (2015). Perpetual Innovation™: Patent primer 3.0: Patents, the great equalizer of our time! An overview of intellectual property for inventors and entrepreneurs.  Morrisville, NC: LuLu Press. ISBN: 978-1-329-17833-5  Retrieved from: http://www.lulu.com/spotlight/SBPlan

    Hall, E. B. & Hinkelman, R. M. (2015). Perpetual Innovation™: Patent primer 3.0e: Patents, the great equalizer of our time! An overview of intellectual property with patenting cost estimates for inventors and entrepreneurs.  [Amazon Kindle eBook].  ASIN: B010ISU7ZG

  • The Refractive Thinker® Radio Show: Trademark, Patents, and Perpetual Innovation 07/07 by Cheryl Kulikowski Lentz | Entrepreneur Podcasts

    The Refractive Thinker® Radio Show: Trademark, Patents, and Perpetual Innovation 07/07 by Cheryl Kulikowski Lentz | Entrepreneur Podcasts:
    (30 minute broadcast on BlogTalkRadio.)
    This is an interview with Dr. Elmer Hall about Intellectual Property and the types of information included in the Patent Primer 3.0.

    Hall talks about the basic processes that entrepreneurs can take to capitalize on Intellectual Property (IP). This interview is an excellent overview of that the approaches that creators and inventors should consider in bringing IP protection to their creative efforts.

    The books (and eBooks) in the Perpetual Innovation(tm) series are:

    Hall, E. B. & Hinkelman, R. M. (2013). Perpetual Innovation™: A guide to strategic
    planning, patent commercialization and enduring competitive advantage, Version
    2.0    . Morrisville, NC: LuLu Press. ISBN: 978-1-304-11687-1  Retrieved from:     http://www.lulu.com/spotlight/SBPlan
    Hall, E. B. & Hinkelman, R. M. (2015). Perpetual Innovation™: Patent primer 3.0:
    Patents, the great equalizer of our time! An overview of intellectual property
    for inventors and entrepreneurs.     Morrisville, NC: LuLu Press. ISBN: 978-1-329-17833-5  Retrieved from:     http://www.lulu.com/spotlight/SBPlan
    Hall, E. B. & Hinkelman, R. M. (2015). Perpetual Innovation™: Patent primer 3.0e:
    Patents, the great equalizer of our time! An overview of intellectual property
    with patenting cost estimates for inventors and entrepreneurs.      [Amazon Kindle eBook].  ASIN: B010ISU7ZG  Retrieved from:     http://www.amazon.com/dp/B010ISU7ZG   
    Hall, E. B. & Hinkelman, R. M. (2015). Perpetual Innovation™: Innovator’s  primer 3.0: The basics on intellectual property protection for the creator and inventor.  Morrisville, NC: LuLu Press.  ISBN: 978-1-329-23954-8  Retrieved from: http://www.lulu.com/spotlight/SBPlan  
    Hall, E. B. & Hinkelman, R. M. (2015). Perpetual Innovation™: Innovator’s  primer 3.0e: The basics on intellectual property protection for the creator and inventor.   [Amazon Kindle eBook].  ASIN: B0115BG35I  Retrieved from: http://www.amazon.com/dp/B0115BG35I   

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  • Patent law changes alter entrepreneurs' planning

    Patent law changes alter entrepreneurs’ planning:

    This is a nice article by Laura Baverman about patents and how they needed to be integrated into the business plan and entrepreneurs’ strategy. Since the US is now first-to-file, inventors must get their foot in the proverbial patent door early, often with a provisional patent while the details are being worked out.

    This article also slips in the key provisions related to the laws and fees that were enacted in March of 2013.

    Although the fees have all been dramatically increased, especially the follow-on maintenance fees, there is actually a micro-entity option that is only 25% of the full fee structure for large entities. (To qualify as micro, you must not have a high income and not have too many patents in your name.)

    There are a few things that are are perfectly touched on in such a short article. There’s a quick look at the staging process to protect the invention without bankrupting the small inventor. There’s a side story about the great use of a business incubator for a specific company, EnerLeap, the next-best Lithium battery.

    There’s the indication of how IP must be specifically budgeted into the business plan. Your business plan must have the budget for IP, it must have the timing for IP expenses (patent, TM, Lawyer, R&D, engineering, etc.), and it must accommodate contingencies for litigation.

    Of course, you still want to include the high margins and royalties from licensing in your income stream, you simply need to demonstrate that you have a sound plan for getting to that point.

    Great article Laura!

    Check out the Patent Primer 2.0, part of the Perpetual Innovation(tm) series, by Hall and Hinkelman (2013) at: http://www.lulu.com/spotlight/SBPlan   … or … Kindle eBook at: www.TinyURL.com/IPPrimer2

    Visit SBP’s IP web site at: www.IPplan.com 

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  • Apple, Samsung, Google and the smartphone patent wars – everything you need to know | Technology | theguardian.com

    Apple, Samsung, Google and the smartphone patent wars – everything you need to know | Technology | theguardian.com:

    This is an interesting overview of the many concepts associated with patents and patent strategies.

    Very nice overview.

    Of course you will also want to get the Patent Primer 2.0 at one of these fine book store locations near you:

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  • Strategic Business Planning Co's Books and Publications Spotlight

    Strategic Business Planning Co’s Books and Publications Spotlight:

    Here’s the Patent Primer as well.
    Also check out the e-book versions of the book/booklet.

    Perpetual Innovation: A Patent Primer, an Overview of Patenting Issues and Costs Estimates for a Small Entity

    Paperback, 25 Pages 
    Price: $10.05
    Ships in 3-5 business days
    This booklet is a overview of intellectual property protection in the US and globally. This is what’s missing from the books on new product development and do-it-yourself patenting. It’s not covered in the business books on product development, marketing and strategic planning. With so much depending on the intellectual property protection of inventors they must have a good understanding of the information presented here to be successful. This booklet is what everyone needs before launching into new product development and invention commercialization. It gives a quick overview of the patenting process. It addresses the timing of various patent-protection maneuvers. There is an example of costs for a small entity/investor to bring an invention to market-readiness with patent protection. This booklet is based on Appendix B of Perpetual Innovation: A Guide to Strategic Planning, Patent Commercialization and Enduring Competitive Advantage (2007) by Hall and Hinkelman.

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