Innography Blog

In my last blog post, I talked about my seven criteria for valuating a patent. Some of you might be thinking, “If there are only seven things to consider, why is it so hard to get a concrete estimate on a patent’s worth?” The reason it’s not that simple is that there’s a lot that has to go into those answers, and depending on whom you ask, you may get really different answers. It’s actually a lot like buying stocks. Is the person you’re seeking advice from a short-term investor? Or are they a “buy and hold” guy? To whom, how, and when you ask the question can all affect the answer.

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This is a transcript of the webinar The Million Dollar Risk hosted by Gene Quinn, founder, and editor of IP Watchdog, which is available now on demand.

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I thought I’d take a break from the technology view of the world and pivot to the business side of things. One of the most frequently asked questions is, “What’s the value of this patent?” This is a very hard question to answer on a number of levels, but mainly because a patent’s value isn’t just based on what it covers technically, but commercially as well. Without both points of view, the valuation is incomplete. And of course, commercial context is not covered in a patent document.

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The launch of IdeaScout is a project that's been in the works for nine years. We took a moment to chat with its ideator (and founder of Innography), Tyron Stading, about the project, and why he thinks it's a game-changer for innovation management and how ideas will be brought to market in the future.

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Recent developments are proving that the virtual reality industry is succeeding in making immersive tech more affordable for consumers. But while it's more commonly thought of as belonging to the gaming and entertainment realms, it is used in many other areas, including the military, education, and medicine. No doubt, it's well on its way to complete world immersion. But for now, let’s take a close look into one of its original, and more whimsical, uses—an area that is (for good reason) being heavily invested in: augmented reality gaming on mobile devices.

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As our planet is expected to reach 8.5 billion people by 2030 with 60% of them living in urban areas, it's estimated that we would need the resources of two planets to sustain our current lifestyle. Though we are making progress towards Mars, it's safe to say it won't be "move-in ready" by 2030. How will we make-do with our one and only planet? The short answer: a global collective and conscious effort toward sustainable and responsible urban planning and infrastructure and smart use of technology and resources. The big question: can we achieve it?

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There’s been a whole lot of talk about Mars lately. Much more than in the past, now that a wider and more diverse group of innovators are putting massive brainpower and dollars into making space accessible to the general population. A mission they will accomplish by making it both cheaper and safer.

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There’s never been a lack of innovation in the automotive industry. But whereas in the past it relied heavily on mechanics and engineering, today’s R&D and patents rely on the kind of technology that has the potential to shift who the entire industry belongs to. With self-driving cars and digital dashboards, the only thing that seems set in stone as far as what a car can or should be is that it gets you from point A to B. The question of how it does that is where all the innovation is happening.

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