Lesson for leaders
Innovations rule today’s world, so everyone wants to innovate. Innovations are filed for patenting and claimed as property before they are launched. If someone else had your idea first and patented it, you might not be able to use it. But when you create something special, the first intellectual property (IP) step is simple: Describe your idea to a patent researcher and ask the FTO question: “do I have freedom to operate?”
If no one has a patent, you win. You can patent and own that idea. The innovation will be your IP. But if someone else already patented your idea or part of it, you may still have a large commercial opportunity.
- How far does their IP go?
- What new applications and features are you adding?
- Can you patent your new additions which will make them your property?
First, does someone else own your business and value it?
When an innovation catches on, those with its patents own it. The key issue is who owns the patent, because that’s who carries its stick. Patents don’t mean much if the owner is a small company or an inventor. But VCs and investors won’t back them if their innovations are not patented. Patents are the only way a small company sits at the big boys’ table. If the startup receives an M&A offer, the patent may decide why they are bought and how much they are paid.
But if a large company owns the patent, their stick is as big as they want. Their researchers create some of their patents. But often, they buy early stage startups to acquire their people, products, and patents.
How do you create patents that will own the future?
You are surrounded by unsolved, high-revenue problems where new technology can change the world. When you look at any widespread problem, it is likely the IP to solve it is unknown. (If the solution IP was known, this problem would be solved.)
Here’s an accelerated process to find and list new business, revenue, and IP opportunities:
- Focus: Choose your industry, the field where you are in business, or what you’re passionate about and want to improve.
- Resources: Use brainstorming, Google, or another source like an industry association.
- Location and supplies: If you use a conference room with a whiteboard, you can use 3”x5” Post-Its and Sharpie markers.
- Action: List the top problems in your field. The “top 5” is enough, “top 10” is better, or if you know which problems you want to solve that will work. Check that you’re making good choices with a quick Google search.
- Research: Pick one metric like the number of people impacted (scale), frequency (rate of occurrence), or cost (losses or direct costs). Use that metric to estimate, or search and find, the number for each problem.
- Rank the problems: Move the problems into one column. Use the metric to put the biggest problem at the top.
- Filter and focus: Keep the problems you want to tackle most. Move the other problems to the side.
You now have a list of problems in your chosen field that fits your top needs:
- IP is likely to be available.
- The revenue from an affordable solution is likely to be high
- New technology will be needed to solve it
Best of all, these problem descriptions are often enough for a patent researcher to tell you what IP is in each problem area, so you know the kinds of solutions you might add where you’ll own the key patents.
Own part of the future by creating its intellectual property
This patent map is an example of what some kinds of IP research can show you, starting with your first ideas.
The surprise is the IP clusters. Many IP owners invest in a related patent portfolio to protect the technology they use in business. Since “big problems” do not have solutions, you might develop new IP in an unprotected “white space” between the patent clusters.
The best solutions:
- Lower costs by 5X or 10X, whether in dollars or time saved
- Or increase returns by 5X or 10X, whether in results or revenues produced
- And help each person during every use, which attracts frequent users
These become more likely if three exponential growth principles are followed:
- First, do bits and not atoms. Industries like steel, autos, appliances, and pharmaceuticals have slow and expensive growth because they transform atoms, then move their products through a supply chain from manufacturing to customers. In contrast, digital computers transform bits and deliver them instantly via networks. Both the Internet and global digital businesses have taken the lead in years. These include digital-first companies like Amazon, Google, Facebook, eBay, Netflix, Salesforce, Uber, and many more.
- Second, do exponential growth, not linear growth. Build a digital solution for 10 people that will scale to 1,000 and 10,000. When that works, scale it to a million. Keep improving it so it scales to 10 million then 100 million. Move bits over networks, not products through supply chains.
- Third, respond instantly at the point of need. Make the problem a trigger that calls a personalized, instant solution. Help each person when they need it, with exactly what produces immediate success. Turn a problem into a worldwide delivered solution, for nearly zero cost.
When you deliver near-zero-cost bits at scale to solve people’s problems instantly during their moments of need, your patents will lead the future.
Intellectual property will be your friend, and so will the millions of people that you help, perhaps every day.
Disclaimer: All articles in Media 2025 are provided as-is for general information. Only the issued patent, such as U.S. Patent 9,183,560 “Reality Alternate,” and patent pending application and specification, describe patented and patent pending technology.
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