Innovation and Intellectual Property: Patents and Strategies

This lecture by the instructor covers the importance of patents in protecting intellectual brilliance, as exemplified by Edwin Land's Polaroid invention. It explains the concept of Intellectual Property (IP) and the conditions for patentability, such as novelty and inventive step. The lecture delves into licensing, cross-licensing deals, and the role of patents in securing investments and fostering collaborations. It also discusses the significance of patent searches, freedom to operate, and the strategies involved in patenting, including the PCT system. The presentation highlights the differences between inventions and discoveries, the industrial applicability of inventions, and the drafting process of a patent application. Case studies on hearing aids and automation technologies provide practical insights into patenting strategies and considerations.