Business Models and Patent Strategies in Multi-Invention Contexts
In many industries, companies are faced with a “multi-invention problem”: the development of new, commercially viable products requires the combination of ever- larger numbers of inventions. At the same time, ownership over these inventions – through patents and other forms of intellectual property (IP) – is becoming increasingly fragmented. Smart phones and their use implicate thousands of patented inventions.
Little surprise then that Apple, Google, HTC, Microsoft, Motorola (now owned by Google), Nokia, and Samsung are all suing each other over the alleged infringement of smart phone patents. Or take biotechnology, where innovators must assemble large portfolios of patented genomic information, research tools, other inventions, and license rights from other innovators in order to conduct research and to bring new medical solutions to market.
Source: Ivey Business School Foundation