From innovation platform to licensing to an industry partner
At THIMPL strategy we define the concept of “innovation platform” by this common denominator: a tool for growing and building ideas. Can be a purely physical forum or a technical solution where you can prototype tools and build things fast. We help you to quickly create a minimum viable product you could use for business purposes or as a business case.
Once created, protect the creation of your human mind by considering intellectual property. IP rights protect the interests of innovators and creators by giving them rights over their creations.
At THIMPL strategy we promote our clients to protect their IP for two main reasons:
- to give statutory expression to the rights of creators and innovators in their creations and innovations, balanced against the public interest in accessing creations and innovations;
- to promote creativity and innovation, so contributing to economic and social development.
Part of the wider body of IP law, industrial property takes a range of forms. These include patents for inventions, industrial designs (aesthetic creations related to the appearance of industrial products), trademarks, service marks, layout-designs of integrated circuits, commercial names and designations, geographical indications and protection against unfair competition.
At THIMPL strategy we define inventions as new solutions to technical problems. The problem may be old or new, but the solution, in order to be considered an invention, must be a new one. Merely discovering something that already exists in nature will not generally qualify as an invention; an adequate amount of human ingenuity, creativity and inventiveness must be involved. We advocate an invention need not be technically complex to be protected by the patent system. We promote this exclusive right. By granting it, patents provide incentives, offering inventors recognition for their creativity and material reward for their marketable inventions.
To get their innovation to market, our clients go through the process of licensing to an existing company or industry partner.
At THIMPL strategy, every year we execute a large number of option and license agreements with companies seeking to commercialize our clients’ discoveries. Licensing terms for the innovations vary based on a variety of factors, and typically items such as patent expenses, royalties on sales, upfront license fees, annual maintenance fees, equity in new startups, and development milestones.
If you are interested in starting the licensing process, please contact us and start to use a Confidential Disclosure Agreement (CDA). CDA is used when proprietary information on a client technology is disclosed to another party. This would include any information on the technology that is not yet in the public domain through a patent or publication. It is very important to have one of the following agreements in place before confidential proprietary information is disclosed to anyone outside of the secure environment. The disclosure of this information without a CDA first being in place can jeopardize our ability to pursue patent protection of the technology.
At THIMPL strategy we use to advocate three types of CDA :
- One-way CDA: used when a party wishes to receive further information to help evaluate a particular technology that they may be interested in. This agreement protects the disclosing party.
- Mutual CDA: used when proprietary information is exchanged both ways between two parties. This agreement protects both sides when confidential information of both parties is being discussed.
- Three-way CDA: used when proprietary information is exchanged between three parties. This agreement protects all sides when confidential information is being discussed.