Click on each
risk for information
You risk losing your intellectual property rights to or through third parties
If you’re not extremely careful when interacting with collaborators, contractors, customers, students and industry experts you may not fully own the IP you think you own. This will hamper or even completely destroy your ability to maximise the return on your investment in innovation.
Do you know how to minimise this risk?
You risk being sued for patent infringement
Imagine launching your exciting new product after significant investment in a project, only to find yourself being sued for patent infringement…
Do you know how to minimise this risk?
You risk losing your intellectual property rights to or through your employees
Do you know the impact on your business of critical Court decisions giving IP ownership to an employed researcher?
Are your employment contracts appropriate regarding IP ownership and protection of trade secrets?
You risk wasting significant time and money on pointless activities
Imagine discovering that your expensive and energy-consuming project has simply reinvented the wheel.
More strategically, you may have missed out on potentially valuable collaboration/partnering opportunities with key innovators.
How do you avoid this?
You risk adopting a flawed business model
It is usually not enough to develop great concepts or technology. Adopting a sound strategy and business model is critical for success.
Are you sure you have gone about this the right way? In our experience, innovators are usually off the mark when it comes to these things, often with disastrous or expensive consequences.
Are you sure that you too are not making the mistakes commonly made…
You risk selling yourself and your valuable IP short
Do you know how to value your IP/venture?
you know how to avoid a bad financing deal, or a bad licensing arrangement?
Are you best placed to negotiate and finalise deals with others (suppliers, developers, partners, licensees, investors etc)?
Mistakes here are very common, and eat away at your prospects of success across many fronts.
You risk jeopardising your ability to patent hard-earned new inventions
Do you understand the risks of patenting too early or too late?
Do you know when it is safe to start talking to others or at industry events and what you can say? Not getting it right can cost you your IP…
Do you understand all the issues?
You risk focusing your valuable resources on undeserving projects
Do you have the appropriate skills and procedures to conduct financial modelling to identify the most deserving among competing projects and to use formal innovation management processes to identify and discontinue unviable projects?
You risk utilising your professional advisers inefficiently
Do you know when to engage the services of patent attorneys, IP lawyers and other relevant advisers?
Do you know what questions to ask, when to ask them and what information to provide to reduce significantly the cost of their services?
We can help you manage these risks.
Click here to see how...
