Patent management is vital for growing businesses. Intellectual property is often one of a company's most important assets. This is particularly true of start-ups and innovative businesses. Yet much of this value can be lost if you fail to encourage your innovators or neglect the oversight of your innovations.
Innovators invent more when their creative ideas are recognized. The Ingenuity Nexus provides quick positive feedback for innovative thinking, and tracks that thinking so that ideas are not lost.
The Ingenuity Nexus also supports the protection of innovation. All too often the earliest inventor will lose out to a later inventor that betters manages the patent process. Alexander Graham Bell is widely credited with inventing the telephone. But another inventor, Elisha Gray, filed the first application describing the workings of telephone on February 14, 1876. Gray's application was a caveat, something similar in concept to our modern provisional application.
Bell filed an application for a harmonic telegraph on February 19, 1876. Bell then traveled to Washington D.C. and on March 7, his harmonic telegraph patent was issued. Bell later admitted that he discussed Gray's invention with the patent examiner during the trip.
Bell then returned to Boston. On March 8, he recorded a telephone similar in design to Gray's. On March 10, Bell got a model of the new design to work. But more importantly, Bell won in the patent office and in court. Despite Gray's application first describing the key features of the first telephone, Bell got the patent and the fortune. But things could have been different...
Ingenuity Nexus gives you the tools to manage your intellectual property. The first tool is centralizing the disclose of ideas. The Ingenuity Nexus allows all the inventors in your business to disclose ideas to a common database. These ideas remain available to each inventor, and to an intellectual property manager for your business.
The Ingenuity Nexus also allows you to value your inventions. Simply answer a few questions on the market opportunity, competitive advantages, and uniqueness of your innovation, and the Ingenuity Nexus calculates a valuation. Use the valuations for multiple inventions to determine while would be most worth protecting.
You can use the Ingenuity Nexus to manage the preparation and filing of applications. When you have decided to patent an invention, the Ingenuity Nexus can assign the invention directly to your law firm, giving your attorneys access to its disclosure information and history. You can also request bids for preparing your application from multiple law firms, assuring you get a competitive price.
Best of all, you and your employees can have immediate access to Ingenuity Nexus tools from anywhere, for free. Simply register your company, and then create accounts for inventors. Your employees can disclose ideas anytime, and you can review and manage those ideas.