How Patent Landscape Help Businesses in Enhancing R&D Strategy?
It is a fact that each organization and industry domain have different IP policies and R&D priorities. But, all of them shares an identical challenge whenever it comes to considering and capturing IP. But the real question is at what point of time they need to start? Basically, businesses consider R&D initially and then IP as research and development activities have yielded an intangible technical solution. Identically, academics perform early searches of published papers. However, with research and development activity mainly focused on the crowded technical fields, organizations, as well as academics, are starting to know the requirement to include IP strategy in their R&D activity. If managed well, IP can assist in boosting and focus R&D efforts, and reduce the risk of investing in the development of technological advancements which might unnecessarily complicate existing prior art. Patent Landscaping Instead of searching for existing prior art for a solution in the innovation, patent landscaping can framework the existing technical field. It can easily outline the technical fields which are the major focus of development and white space which might tell future R&D tactics.