The invention process encompasses research and development, where legacy knowledge and innovative methods merge to create new technologies and solutions. Different strategies, such as the "ready-fire-aim" and "traffic" approaches, emphasize various aspects of timing and iteration in the development cycle. Creating an ecosystem that supports Diversity, Equity, and Inclusion (DEI) is crucial, ensuring that innovations benefit from diverse perspectives across gender, race, and other dimensions of identity.
Intellectual property (IP) plays a critical role in protecting inventions and creative works. Patents, including utility and design patents, safeguard new compositions, methods, apparatuses, and manufacturing processes. The patent process involves searching, disclosing, filing, and examining, with provisional patents offering a temporary solution before full patents are granted. International considerations, such as the Patent Cooperation Treaty (PCT), and maintenance and litigation aspects, are essential for comprehensive IP management. Copyrights protect original works, including software and designs, and trademarks establish and protect brand identity. Various licensing models, such as open-source and Creative Commons, offer flexibility in how IP can be shared and used.
Income generation from inventions can be motivated by financial, social, or impact-driven goals. Revenue sources include selling products, kits, and consumables, licensing, advertising, and offering services such as education, entertainment, and customization. Business models range from for-profit entities like sole proprietorships and corporations to non-profits and hybrid structures. Funding options include venture capital, crowdfunding, loans, and bootstrapping. The lifecycle of a business involves stages like business planning, team
This week's assignment is about preparation for final project presentation
This assignment is documented under the presentation section of my final project page
