How to Connect IP Management to Open Innovation
A blog on the Garfield Center for Corporate Innovation website noted that in the earliest phase of the technology lifecycle, it pays to be very open. Neither you nor others know yet the best use of a particular technology, and no one has an appropriate business model to commercialize any applications either. As the dominant design emerges, tightening the protection for one’s ideas becomes very important. In the mature phase, IP management must become more differentiated and segmented, to support different applications of the technology in different uses. In the decline phase, firms can now aggressively harvest the fruits of their earlier investments in IP protection.
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