The Intellectual Property Strategy segment of our business is focused on assisting you to gain the maximum economic value from your innovations through the effective use of intellectual property.

We can help you gain the maximum economic value from your innovations through the effective use of intellectual property.

For example, despite spending over $2.5 billion and countless of hours each year, experts estimate that only 3% of patents create any economic value.

Much of this waste is due to companies not having an well thought out intellectual property strategy. Since protecting IP is generally viewed as just submitting a few patent applications each year through a patent attorney, this isn't surprising. Patenting intellectual property is a relatively minor effort within most businesses, with much of the work performed by an outsider who likely has no business experience, is not an innovator, and probably hasn't spent the time to understand the business goals of their client's. With this situation, an intellectual property strategy is almost impossible to develop.

However, just one innovation, if appropriately protected, could become one of the major assets of a business. Without an effective intellectual property strategy, however, this asset may just be copied by lower cost producers and never create any economic value.

The largest companies solve this problem by hiring savvy patent attorneys and then teaching them about business and the objectives of the company. But what about the vast majority of companies who can't afford this expensive proposition?

At Telaric Ideas, we have a unique set of skills to assist you and your attorneys develop an intellectual property strategy to ensure your investment in innovation and IP protections creates the maximum economic value. The members of our team are established technology innovators with strong business backgrounds. They have originated hundreds of technologies protected by over 30 patents - and have been involved in several patent litigation. As a result, we have a special appreciation for how to use intellectual property to meet business goals.

Also, as innovators, we have the ability to identify the core elements of an innovation to ensure they are protected. Although this may seem straightforward, it rarely is. Frequently an innovator will not be aware of what makes an innovation unique relative to the prior art. Some innovators actually assume that the core element of an innovation is "known by everyone" and thus it is not disclosed to his or her IP attorney.

Telaric Ideas understands this problem and is acutely aware of how to help you determine the core elements of an innovation that are the key differentiators and protect them properly.

If the decision is made to use patents to protect an innovation, then generally we recommend more than a single patent and paying particular attention to understanding and protecting what is valuable to others rather than only what is important to you.

If you would like to learn more about how we could help you with your IP strategy, please contact us to schedule a free consultation