With the advent of new technologies, discoveries, creations and innovative inventions, it has become quite apprehensive that patenting of these products, procedures and technologies are taken care of. Since more and more financial and time investments are taking place for research purposes, inventions have become fast and frequent. To make sure that the product, technology or procedure that you have invented is used and utilized for your or your business’ interest, patenting is a must.
But, when you think of patenting, there are a number of factors that you need to take care of. As many people are involved in the process of creation and innovation, there are chances that you miss out the patenting that you are in need of. Hence, it is a must that you stay updated about the trends of patenting so that you follow the right path. This is what the patent mapping and landscaping helps you to analyse. It is a graphical representation of the existing patents so that you can determine the right path that will lead you to the path of success and a fruitful patent.
How Does It Help?
When patent land scaping and mapping is being talked about, you need to understand how this helps the creators or business investors. These include –
- Identification of technical problems that already exist in a business or monopoly
- Identification of the new products that are in the pipeline awaiting a patent and identification of the competitors
- Check the intellectual property rights of a business and the potential infringements
- Strategic planning to lead to the right path to success
- Get to know about the expiries of the existing patents on a particular product or genre
- Identification of marketing, out-licensing and other business opportunities
- Identification of the technological or other developmental spaces in
Brief Understanding Of Patent Mapping In Simple Terms:
It is a matter of a great deal of time and money, as well as hard work when research is done for a new invention or creation. Whether the investment of this huge amount of money, time and human resources is a good idea or not, needs to be understood beforehand. The patent mapping and landscaping helps the investors in that respect. If solutions for the same problem are being worked on by other creators or innovators, then it is a good idea to switch to some other aspects of the invention.
In order to switch to the other areas of invention or creation, it is very much important to stay updated regarding the innovation or patenting trends. If the trend indicates that patenting is being directed to a direction that caters to the core areas of a certain problem, then working on an entirely different aspect or problem is the best idea. All the crowded areas that are being worked upon for the patenting can be identified with the patent landscaping and patent mapping feature. New possibilities and areas that need to be worked upon can well be identified with this unique and useful option.