Innovation lecture 2 Flashcards
Intellectual property
A protection that allows you to own things you create.
Why intellectual property
Is proven to be very valuable.
The greater the potential value the stronger the incentive to copy it.
Without protection no investment in innovation
Why Patents
For new inventions. You need to applicate and examinate
Copy right
Original creative or artistic forms. Exists automatically
Duration is 50-70 years
Patens
The government gives the inventor of a new product exclusive rights or manufacture, use, or sell the technical invention. Max 20 years
The 4 roles of the patent system
To encourage technological innovation
To promote competition and investment
To provide information on the latest technical developments.
To promote technology transfer
Description in patent
Prior art The drawback of prior art Problem to be solved Solution Advantage of the invention
For an invention to be patentable it must be
New to the world
Inventive
Susceptible of industrial application
When is an invention new?
When it is not part of the state of art
Everything made available to the public
Utility model
A model grants the holder the exclusives right to prevent third parties. for 3-10 years.
Patent database: use
Makes technology available for everyone
Others can build on this
Patent database: for you
Check the current state of technique
Get ideas for new inventions
Advantages of getting a patent
Exclusivity enables investment
Strong enforceable legal right
Makes invention tradable
Disadvantages of getting a patent
Reveals invention to competitors
Could be expensisve
Grant may take 3-5 years
