INVENTION, INTELLECTUAL PROPERTY AND INCOME

What is invention?

An invention is a unique, novel device, method, composition, idea, or process that solves a problem, increases efficiency, or lowers costs.

What is Intellectual Property?

Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. For more info VISIT.

What is Income?

Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.

What is licensing? I asked ChatGP

Licensing is the process of giving formal permission to use something, usually governed by a legal agreement.
It typically involves one party (the **licensor**) granting another party (the **licensee**) the right to use 
certain **intellectual property (IP)**—like software, a brand name,
a patent, or copyrighted material—under specific conditions.

Types of Licensing (with examples):
                    
1. Software Licensing
                    
 Allows users to use software legally under specific rules.
 Examples:
                    
 -Proprietary license(e.g., Microsoft Office)
 -Open-source license (e.g., MIT, GPL)
                    
2.Trademark Licensing
                    
- Grants permission to use a brand name or logo.
- Example: A clothing company using a Disney character on T-shirts.
                    
3. Patent Licensing
                    
- Allows the use of a patented invention.
- Example: A phone manufacturer licensing patented technology from another company.
                    
4. Copyright Licensing
                    
-Grants rights to use artistic or creative works (books, music, videos).
- Example: A YouTuber using background music under a Creative Commons license.
                    
5. Business Licensing
                    
-Legal permission to operate a business in a region.
-Example: A restaurant needing a food service license.

From this I visited this website to choose which license to use for my project.

I then chose the CC-BY-NC 4.0 for my project, which allows the user to acknowledge me whenever they are using my work and also commercial use of my work is prohibited.

PROJECT DISSEMINATION PLAN

TARGET AUDIENE

  • High Schools
  • Universities

    • DISSEMINATION CHANNELS AND TACTICS

  • Industry events and Trade shows- Participate in relevant industry events and trade shows to demonstrate the system and engage with potential customers.
  • Online Presence- Utilize content marketing strategies such as blog posts, whitepapers, and videos to educate the audience about the system's benefits and industry trends.
  • Case Studies and Success Stories- Share these stories on the website, through industry publications, and in presentations to demonstrate real-world benefits and outcomes

    • KEY PERFOMANCE INDICATORS

  • Number of leads generated through various channels.
  • Website traffic and engagement metrics (e.g., page views, )
  • Attendance and engagement at industry events and trade shows.

    • BUDGET

  • Allocate a budget for participation in industry events, trade shows, and conferences.
  • Invest in online marketing efforts, including website development, content creation, and social media advertising