Introduction to the Invention Rating Checklist
In this course, we will go through the Invention Checklist, which is available for free download from IP.Education.
The checklist is explained in my book “Investing In Patents”, which is available on Amazon.
This course is designed for anyone involved in either inventing or evaluating inventions.
This includes the engineer or inventor, but also their management.
The checklist helps the inventor curate an invention that meets real business goals –
and the checklist helps the manager evaluate the invention against those business goals.
I assume that you have at least a basic understanding of the patent process, but many of the concepts in the checklist are very advanced.
Much of the wisdom in the Checklist becomes apparent if you have stubbed your toes in the past.
I have had inventors with 100+ inventions say that they learned something very valuable through this Checklist – and that their inventions are better because of it.
In fact, the more experienced you are in patents and patent law, the more you will learn from the Checklist – because there are subtleties that are only grasped with experience.
Throughout this course, we will talk about evaluating inventions with the checklist.
The truth is that the checklist applies equally as well to evaluating issued patents as it does evaluating actual inventions.
When evaluating issued patents, the same criteria apply to whether the patent has commercial value.
This discussion will mostly be about the invention.
This is because we can curate, mold, or craft the invention to meet the checklist parameters.
When we evaluate an issued patent, the analysis is static in that we are only trying to find value in a final patent but we cannot actually change the patent.
By the way, IP.Education has a whole video series on patent valuation, which applies many of the same valuation techniques that investors use for valuing companies.
This course has several parts.
We go through each section of the Checklist and talk through the part in detail.
But before we get into the details, I will talk about how the checklist gets used in several different ways.
Whether you are a big company, a small startup, or a solo inventor, there are lessons to be learned from how each type of user implements the checklist.
If at any time you have a question or comment, please use the comments section to drop me a note. I will respond as quickly as possible, often within the day.
Please let me know what you think about this course. All of your feedback will be rolled into making this course better, which will help others be better inventors.[/vc_column_text][/vc_column][/vc_row]