R&D: Maintain Your Product Focus
IP & Project Integration
Sooner or later, engineers will be confronted with the “Patent Requirement” as part of a company policy or management directive. For example, a product development project is moving ahead on schedule, then the Patent Requirement is introduced. This often occurs right when a development project is at a critical implementation stage! At this critical juncture, any disruption would delay final delivery to the customer base.
In many instances, the diversion of critical resources to address patent, or some other IP issue, can be costly. This is because delays in a product introduction also mean delays in realizing sales revenue. NTP-IP Innovations will show you how to minimize these interruptions and allow the development process to remain on schedule.
To most engineers, filing patents in certain areas of technology seems counterproductive. But by obtaining assistance from an outside resource during implementation, staff members would not be diverted to create more even documentation than would normally be required.
IP & Product Development
We understand that IP is a significant investment. You should only make this investment in products that your company sees as significant contributors to future business potential.
Since engineers often do not have to the time to make these financial determinations, NTP-IP Innovations can act as a resource to align IP expenditures with your most important product efforts.
This alignment analysis is normally made by combining input from several functional groups within your organization. The end result is an "IP-Aware" project priority list that supports both profitability and business plan objectives.
As an engineer or engineering manager, we invite you to have your lead engineers discuss this process with us in detail and contact us to review your current project mix. Together, we will then be able to integrate the additional Intellectual Property requirements into your priority rankings.