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Agenda- 2/12

Join us for an engaging series on technology innovations and patent selection! We'll cover effective team formation, patent assessments, and insights from leading inventors like Prof. Alex Chang and Prof. Manoj Pastey. Participate in small group discussions to evaluate success factors of inventions and learn about future attractions, including advancements in printable electronics, drug delivery systems, and more. Gain valuable knowledge about market opportunities driven by technology trends and social influences. Prepare to contribute your ideas and collaborate with peers!

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Agenda- 2/12

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Presentation Transcript

  1. Agenda- 2/12 • Housekeeping and Coming Attractions (10’) • Update on Forming Teams & Patent Selection (10’) • Opportunity Assessment (20’) • Small Groups- “Why was it successful (or not)?” (20’) • Inventor: Prof Alex Chang- Printable Electronics (30’) • Inventor: Prof Manoj Pastey- Bird Flu Test (30’)

  2. Coming Attractions 2/14 Wed • Invention: Expander/Compressor- Prof Peterson (30’) • Invention: Superlens- Prof Podolskiy (30’) 2/19 Mon • Invention: Novel Drug Delivery Systems- Prof Ayres (45’) in Weatherford • Business and IP Databases: Margaret Mellinger (40’) in Autzen (Valley Library) • Assignment: Screening Inventions and Prioritize Choices (JT-15’) 2/21 Wed • Students submit individual patent screening results (3’ each- 60’) • Market Research- Curtis Wright (60’) 2/26 Mon • Announce teams, patents, and appeal process (JT- 15’) • Commercialization Options (JT- 45’) • Teams meet and discuss marketing research and expectations (60’)

  3. Team Formation and Selection of Patents • Inventor presentations will occur over the next three class meetings • Mon, 2/12: Printable electronics and Bird Flu test • Wed, 2/14: Expander/compressor and Superlens • Mon, 2/19: Novel drug delivery systems • Make your own assessment of inventions based on your own factors or those presented in class today. • Prepare a short presentation (3’) and 1-2 page summary due Wed, 2/21 with rank ordering of patents and reasoning for selection • Including your input I’ll develop 3-5 member teams with complementary skills, and a specific patent for each team • I will accommodate individual preferences as much as possible • There will be an appeal process

  4. Successful Entrepreneurs

  5. What creates opportunities? • Destabilizing influences- changes in technology, style, or economic incentives • Rapid Growth of the Technology Sector • Increasing pace of technology development • Increasing pace of information creation • Social or Cultural Changes

  6. Some Technology Trends That Will Create Opportunities • Life Sciences- genetic engineering, genomics, biometrics • Information technology- internet, wireless devices, interconnectivity • Nanotechnology- Devices 100nm or less for drug delivery, biosensors, and other applications • Energy - fuel cells, energy efficient appliances, new heating & cooling methods, energy transmission, “micro-energy” generation • Green Technology - renewable fuel sources, recycle and reuse, bioremediation, recognition of the “carbon footprint” • Robotics- teams of small coordinated robots for monitoring or safety functions • Security devices- personal identification, computer security, “smart” cards • Human/Computer Interface- speech recognition, improved man-machine information transfer and sharing • Entertainment- available anywhere, anytime, can be personalized

  7. Some Social and Cultural Trends That Will Create Opportunities • Aging of the baby boom generation • Increasing diversity of the people of the United States • Rising middle class of developing nations • Pervasive influence of media- television, DVD’s internet • Decreased “information asymmetry” due to the internet • Two working parent families • Others?

  8. Characteristics of an Attractive Opportunity Solvable- can be addressed in the near future with accessible resources Timely- a current need or problem Important- the customer deems their problem worthy of being solved Profitable- the customer will pay for the solution and allow a profit Context- a favorable regulatory and industry situation

  9. Small Group Exercise (Consider the 5 factors presented today) • Assess the likely success of one of the following new technologies in the marketplace. Will they succeed? • Ethanol based Biofuels • GPS system on your cell phone • Power from ocean waves • Explain the success (or lack of success) of these existing products or technologies • Netflix • Electric cars • Videophones • Pick a spokesperson and explain your reasoning

  10. Important Information from Inventors • Basic understanding of technology: • What problem it solves • How it works • What it can and cannot accomplish • What similar approaches have not worked • Current IP position- is it patented, at application or invention disclosure stage? • What supporting or enabling infrastructure is required? Is it already in place? • Do they view the technology as disruptive or incremental? Why is it better? • Are there competing patents covering the technology or support infrastructure? • How far has the technology progressed? • ready to sell now! • needs some more development, but can easily envision the product or service with existing infrastructure • more invention required in basic concept or supporting infrastructure • How much tacit knowledge does the technology contain?

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