Why patent strategy MUST be rooted in economics

Just in case it has slipped your mind: Patent strategy must always be rooted in economics.

I’d love to share Prof. Dr. Alexander J. Wurzer’s recent IP Management Nugget, which is a great reminder that a smart patenting approach requires identifying the payment stream generated from the use of the IP

I see it all the time that companies have a hard time figuring out what the IP is used for in the first place. Or even worse, some don’t even ask this question, but file patents “because we need patents, don’t we?”.

Which brings us back to the fundamental question which needs to be answered already before IP rights are even created:

What will/may/can the future IP right be used for? What’s its business case?

Please watch the video to learn more. And then tell me in the comments: What’s the business case of your IP?


Bastian Best

Hi, I'm Bastian Best, a European Patent Attorney who helps IP professionals upgrade their digital patents.

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Patents for the digital future

Hi 👋, I’m Bastian Best, a European patent attorney on a mission to help IP professionals upgrade their digital patents.

Learn more →

Join 501 others on the mailing list

You get instant access to Bastian's hidden downloads with tons of presentation slides, checklists and templates for better digital patents. Bastian will send you occasional emails with his best digital patent tips and tricks.

We treat your data with respect! We will use the information you provide to be in touch with you and for regular updates. You can unsubscribe anytime. Privacy policy.