Creating Invention Evaluation Criteria for a Robust Patent Strategy - Steve Sponseller

Episode notes

On this episode, I'm continuing my discussion of the 7-Step system I created that's helped many tech companies build robust patent strategies. I will be discussing the fourth step in that system, which is important to ensure that you create the best invention evaluation criteria for your business. Two important things your Patent Strategy must do: 1. Protect your company's critical inventions 2. Support your business goals By creating Invention Evaluation Criteria that's unique to your particular business, you satisfy both of those requirements. First, your Invention Evaluation Criteria ensures that you are protecting your most valuable inventions. And, your Invention Evaluation Criteria is customized for your specific business goals. By creating invention evaluation criteria that's unique to your company, you can be sure that you are spending your patent budget to protect the inventions that are critical to your company's success. With many of my clients, we create 12-15 different evaluation criteria that are applied to each invention. Based on applying the evaluation criteria to multiple inventions, those inventions can be prioritized based on their value to the company.

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