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Product development > Entrepreneurship and immaterial rights > Flashcards

Entrepreneurship and immaterial rights Flashcards

1
Q

technology push

A

You don’t know who will use it but the technology exists

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2
Q

Technology pull

A

There is a defined need but no technological solution

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3
Q

why did Kodak technology lost the battle?

A
  • more user friendly competitors
  • you couldn’t see the pictures
  • ## the bad pictures doesn’t cost money
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4
Q

what does the technology bring as a value to the customer?

-e.g. digital camera

A

Value:

Reduced costs for good pictures.

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5
Q

Analyze the digital camera

A 
Properties
User
Advantage
Benefit:
- measure in value
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6
Q

BII?

A

Business idea identification

  1. what are the unique properties?
  2. who will be using it?
  3. advantage of these properties?
  4. what is the value of the advantages for end user?
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7
Q

Example BII LED-diods?

A

Properties:

  • High light intensity/energy consumption
  • long lifetime

User:

  • traffic light

Advantage:

  • Fewer changes os high source

Benefit:

  • Lower battery cost
  • lower maintenance cost
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8
Q

when to use BII?

A
  1. to describe the commercial value
  2. to starta business based on your idéa
  3. protect business opportunity
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9
Q

what is next after BII?

A

method denies the basic criteria to form ?

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10
Q

A good idea or a business idea?

A

there are many good ideas.

a business idea you can earn money on

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11
Q

characteristics to be a business idea?

A
  1. Who is your customer?
  2. What are you supplying?
  3. How are you going to get payed?
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12
Q

what are the needs for your product/solution on the market?

A
  1. describe what problem, customer needs you problem solve

2. why hasn’t it been solved before?

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13
Q

what is your solution? what is unique?

A
  1. how does your solution solve the problem?

2.

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14
Q

Identify the market potential?

A
  1. marketsize
    - top-down
    e.g.
    - world market for cars is estimated to x million/year
    - annual growth rate is 10%
    - “we will have 5% of the world market in 2 years time”
    —> risk in setting this too low in loosing confidence
    - estimate what price you can get
    - estimate how many sutlers could by
    - hoe many can I reach
  2. Bottom-up
  3. Each product can be skid for x dollars
  4. z customers areinterest in buying this product this year
  5. the cost for producing product is Y dollars
  6. the profit per product is X
  7. The marketsize = number of customers*profit/customer
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15
Q

How can we calculate price?

A

Cost estimated pricing:

  1. cost of production
  2. sales and distribution
  3. administration
  4. profit
    - common and simple
Value adding pricing:
1. what is the customers benefit form using your product
—> extracted from BII
- not directly directed from the cost
- used in technology based companies
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16
Q

what are you going to sell?

A
  1. product

2. service

17
Q

How will you sell it?

A
  1. One-time selling

2. Selling of consumables

18
Q

protecting the business?

A

why?
how ?
what can happen?

19
Q

What can we protect inventions?

A
  1. patents
  2. trademarks
  3. copyright
  4. design protections

Lower degree?

  • contracts/agreement
  • relations (they will protect you)
  • black box strategy (cods, secret ingredience?)
  • business model (e.g. IKEA)
  • trade secret
20
Q

patent history?

A

first patent

21
Q

purpsose of patent?

A

stimulate the development of new technology and benefit to society because the solutions will be published

22
Q

What is a patent?

A
  1. exclusive rights for 20 years
    —> can be extended for pharmaceuticals with 5 years
  2. no one can manufacture or sell “your product” as it is described in the patent claims in the country you have patent
23
Q

when does the patent starts working?

A

the day you been filing the patent and that day is called the priority day

24
Q

what does a patent mean?

A
  1. exclusive right for 20 years
  2. exclusiveness for what is claimed in the patent
  3. for production and selling In that specific country
  4. in order to have exclusiveness ina country you have to file it in
25
Q

what is exclusive rights?

A

1.

2. marketing is selling activity

26
Q

world patent?

A

there is no such thing

27
Q

what is patentable?

A 
1. novelty
—> no publication what so ever
2. inventive step
—> should not be obvious for a processional (non-obviousness)
3. Applicable in industry
—> technical solution
—> producible
—> reproduceable
28
Q

things to consider before you start filing a patent?

A
  1. Novelty search
    —> has anyone else files a patent ( expensive to file a patent)
  2. investigate freedom-to-operate (FTO)
    —> any patent which is preventing for using technology in a certain area
  3. Infringement
    —> if anyone infringe my patent? depends on what company. Big company—> give up
29
Q

Country for application?

A
  1. each country demands it’s own language
30
Q

European patent?

A

European patent office (EPO)

- allow in English

31
Q

time-line for patent?

A
  1. Priority day
    - about 40 000-100 000 SEK
  2. 12 months
    - PCT deadline
    - about 40 000 SEK
  3. Publication in databased and application official
    - 18 months (still don’t have patent)
  4. National phase
    - translation costs 20 000-70 000 SEK/country
    - 30 months
32
Q

Case study oxeon?

A

Technology push
- speed up weavingprocess

Advantage:

  1. thickness —> weight
  2. stronger —> straiter fibers with reduced crimp
  3. no wrinkles

Product development (8 decks)

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