During the R&D phase, you should align your ideas with company objectives by consulting competitive intelligence professionals, patent search specialists and academic researchers. Additionally, you must undertake a competitor analysis to pin-point the experts in the field so that you can benchmark your portfolio against your peers.

• Applied R&D

  After the basic R&D stage, you should start the patent filing process to protect your idea by consulting patent agents and IP attorneys. It is crucial to have appropriate legal protection for your intellectual property so that your company can flourish in a volatile and competitive business climate. You also need to check if your patent might be infringing someone else’s by doing an infringement analysis. This will guarantee that the product doesn’t infringe anyone else’s patent after its launch.