Save
Biotechnology Entrepreneurship
Patents & IP
Save
Share
Learn
Content
Leaderboard
Share
Learn
Created by
layomi
Visit profile
Cards (218)
What is the purpose of patenting?
To establish a
business model
View source
What are the three main requirements for a patent?
Novelty
,
utility
, and
non-obviousness
View source
What does 'non-obvious' mean in patenting rules?
Not obvious to people in the
field
View source
What does 'novel' mean in the context of patents?
Must be an
original
idea with no prior
track-record
View source
What does 'utility' refer to in patent requirements?
Must achieve something
useful
View source
What is Intellectual Property (IP)?
Something created using your
mind
View source
What is a patent?
Right preventing others from using an
invention
View source
What does Freedom-to-operate (FTO) mean?
Ability to pursue business without
licensing
IP
View source
What is a claim in a patent?
Core part specifying the
invention
to protect
View source
What must patents be to be granted?
Novel
,
useful
, and non-obvious
View source
What are the types of Intellectual Property?
Patents
: Protection for products and
processes
Know How
: Confidential trade secrets
Copyright
: Literary and artistic works
Database rights
: Protects collections of data
Design rights
: Protects appearance of articles
Trade Marks
: Protects branding associated with goods
View source
Why are patents important in biotech?
They are a key
currency
for biotech businesses
View source
What is the deal between the state and the applicant in patenting?
Disclosure
for a time-limited
monopoly
View source
What is the usual time limit for a patent?
Usually
20 years
View source
What can invalidate a patent?
Previously
disclosed
ideas
View source
What constitutes disclosure in patenting?
Anything placing an invention in the
public domain
View source
What is a non-disclosure agreement (NDA)?
Protects discussions with
external
colleagues
View source
How does a patent differ from an academic paper?
A patent must describe an
invention
, not just a
discovery
View source
What is inventorship in patents?
Intellectual
input into the invention
View source
What is the requirement for novelty in patents?
Invention must not be described in
prior art
View source
What is the inventive step or non-obviousness requirement?
Not suggested before in the
prior art
View source
What does utility mean in patent requirements?
Must have a real
application
, not contrived
View source
What is the significance of claims in patents?
Claims
define
the
scope
of
the
patent
View source
What is the process to search for patents?
Use specific
online resources
and guides
View source
What is Freedom to Operate (FTO)?
Ability to operate without infringing on
patents
View source
What is the impact of a patent rush in biofuels?
Can lead to a
patent thicket
and
FTO
issues
View source
What are the stages and costs of patenting?
Includes
priority application
,
foreign filings
, and
examination
View source
What are the take-home messages regarding patenting?
Patenting is crucial for
biotech
and business
View source
What are the key takeaways about patenting in biotechnology?
Patenting is essential for business strategy
Novel findings lead to greater
Freedom to Operate
Patents are tangible assets for
investors
View source
What is the highest priority for individual inventors regarding patents?
Prevent
imitation
View source
What does "freedom to operate" mean in the context of patents?
Having a space to work without
infringement
View source
What happens if a patent is not granted?
No
protection
is provided
View source
What is a key aspect of having a granted patent?
Ability to
exploit technology
without fear
View source
What is a historical business model for universities regarding patents?
Licensing
patents to large companies
View source
Why might a company patent something they do not intend to exploit?
To block
competitors
from using it
View source
What are the three main requirements for a patent?
Novelty
,
non-obviousness
, utility
View source
What does "novelty" mean in patenting?
Original idea with no prior
disclosure
View source
What does "non-obvious" mean in the context of patents?
Idea
must
be
clever
and
not
obvious
View source
Why is utility important for a patent?
It must achieve something
useful
View source
What is the definition of intellectual property?
Property created using one's
mind
View source
See all 218 cards