Increasing Patent Allowance Rate Using an Optimized Invention Management Solution

Huge sums of time and money are invested to support ongoing research and development efforts globally, particularly in the most innovative industries like pharma, healthcare and biotechnology. The global R&D spending [1] is at a record high of US$1.7 trillion of which 80% of total spending is only from the Top 10 countries. While these statistics may suggest increased intensity of companies in R&D spending, we should also understand that these efforts will only yield returns when they are awarded enforceable ownership through exclusive patent rights. Intellectual property rights, especially patents, help companies protect their business interests by allowing them to

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6 Signs That Your Invention Management Solution Is Strained

Is my invention management solution rational? As an IP Counsel, you already know from experience how crucial the invention disclosure is, as is having a scalable and future-ready Invention Management Solution (IMS) in place, because the destiny of a patent starts right from its conception. You probably have a system in place, whether internally developed or a third-party application, to manage your invention disclosure cycle. Gone are those days when the complete disclosure process was managed through emails, spreadsheets, Kanban boards and other methods. There are many good web-based applications out there that enable management of  your entire disclosure process;

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