Whether you are a start-up or a global corporation, you need a well designed innovation process and it should include a patent strategy.
Innovation is the life-blood of technologies companies, but for innovation to truly contribute to your company it needs to be designed as a process from initial idea to product deployment. Without a proper process, decisions on which projects to pursue can be made based on short-term objectives (or even, who gives the most convincing presentation) rather than selecting the innovations that support your product pipeline and business strategy.
Steve Blank (professor at Stanford University, Columbia University and UC Berkley) and Pete Newell (retired US Colonel in charge of the U.S. Army’s Rapid Equipping Force) look at what a good innovation process should look like in this month's Harvard Business Review. Read the full article here.
Your patent strategy should support your business strategy, and should consider both which technologies are worth patenting and where. For a core piece of technology, you might choose to file patent applications in much greater number of countries than, say, a nice idea that you may be able to licence to a customer. And you might decide to accelerate the prosecution of patent applications in certain fast moving technologies, or that you're looking for investors in. Your patent attorney can guide you through the process of developing a patent strategy, so please get in touch if you'd like to discuss how we can help you.