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The Anatomy of a valuable patent! I wrote an article for the next newsletter managed by Prof. Dr. Alexander J. Wurzer. So what did I write about? Basically, I said that "patents have no (real) financial value unless you take action!” I mean that you have to transform potential energy (patent without action) into kinetic energy (patent with action) in order to create a value. In the process of converting this potential energy into kinetic energy, the patented technology must have at least these 10 power factors to become valuable. Here are the factors: >> Solves a Real Problem 🔧 >> Invention-Market Fit 💡 >> Market Potential 📈 >> Enforceable Claims 🌍 >> Freedom to Operate 🛂 >> Strategic Licensing Potential 🤝 >> Protection Power 🛡️ >> Ease of Infringement Detection 🔍 >> Stage of Development 🌱 >> Bundle-type Patent Portfolio 📚 So why are we talking about these 10 key success factors? This question brings us to a patent commercialization success story that took more than 7 years! European Patent Office published a series of technology transfer case studies in 2021, one of the selected successful cases was "Dermalix", where I was in the team was a great example to express my article “The Anatomy of a valuable patent”. This patent also has most of the 10 performance factors I have listed in my article. We have demonstrated the importance of these factors in a real-world case that illustrates the significant value of patents in commercialization by securing robust patent protection for their wound dressing technology, the team not only secured their innovation, but also attracted venture capital that enabled clinical trials and product development. That's why I wanted to share this information with those who are trying to create value from their patent(s). I hope it will be helpful to you and patent owners. Curious about the details? Let's wait for the next issue of the newsletter created by Prof. Dr. Alexander J. Wurzer. Have a great day!
By the way, you can subscribe to the newsletter here 👉 https://profwurzer.com/newsletter/ And so that you don't have to wait so long for the next one, you can go to the archive here: 👉 https://profwurzer.com/newsletter-archive/
Dear Mustafa, this is a perfectly summarized blueprint for purpose-driven invention engineering that works!
Brian Cronin
3mo
I look forward to the next newsletter with interest. All factors contributing to success (or failure) must be considered in combination.
This is really a very interesting approach Mustafa Cakir, RTTP, QPIP, above all it is extremely practical. I think that this is a very good opportunity for practitioners to think about the abstract concept of “value” in a well-founded manner and so that portfolio management can also be more economically oriented.
Mustafa Cakir, RTTP, QPIP great post and insight. We're eagerly awaiting the article in the latest newsletter from Prof. Dr. Alexander J. Wurzer 👏