Wreck Your Competition, Forecast And Patent Their Future

Crystal Ball

Here is an innovation strategy your organization can use to protect breakthrough opportunities and mess with competitors

Companies constantly seek, for themselves, ideas for next-generation products and services but often stop short of seeking ideas of interest to their competitors.

Why not seek ideas your competition and future industry disrupters are likely to develop, for their next-generation products, and wreck their futures by patenting them yourself? A good offense is a great defense, right?

Said differently, why not organize your idea harvesting efforts into anticipating all of your industries' next moves and patent everything? Throw some ink in the water. This is also an important first step if your planning to go into the tech community to working with entrepreneurs and startups. After all, if you don't own the intellectual property (IP) around the idea, you won't own the product IP and if you don't own the product IP, it's likely those you work with will eventually do business with your competitors giving them access.

Here is a technique I have developed to capture breakthrough ideas which I combine with a bootstrap patenting approach to protect lots of ideas on a shoestring budget.

The Process

+ Conduct a patent and macro-trend study of an industry or technology. I start by developing an understanding of how an industry has evolved. Organized into a storyboard along a timeline, seminal patents inform how innovation has evolved. I then link macro-trends that have and are shaping the industry/consumer behaviors to forecast what is likely next. It works great!

Capture Breakthrough Opportunities

+ Idea harvesting workshops identify technical areas of opportunity and dive deep to generate lists of ideas and business models.

+ Converting the raw ideas into an idea map highlights where bundles of patentable ideas exist within the space.

+ Bootstrap patenting techniques are used to exclude weak ideas, bundle strong ideas, and patent protect as many ideas as possible to block competitors, create patent portfolios for licensing, and protect products that you elect to develop. For external innovation in the tech community, ideas are protected before engaging with entrepreneurs and startups to prevent giving ideas away. This patent strategy is discussed further in the video.


About Gr8BigIdeas.com | Engaging with organizations to identify and commercialize breakthrough innovation opportunities, we analyze business challenges, identify competitive advantaged opportunities, patent protect ideas, architect innovative solutions, and organize entrepreneurial talent from the technical community to build, deploy, and as needed operate the solution. www.Gr8BigIdeas.com

If You’re A Corporate Seeking To Innovate In The Tech Community Then You Will Likely Need These Capabilities

Startup Wall

Your organization has decided this is the year to embrace innovation in the tech community!

Can I suggest holding off on making the pilgrimage to Silicon Valley to blow your budget sitting at events and meeting startups that are making stuff that nobody wants? This is just "looking" innovative and likely will not net you what think it will.

Instead, focus on starting with your business needs and "being" innovative to find and foster solutions from the tech community that drives reaching your innovation goals. To this end, there are several capabilities you will likely need to turn business needs into successful innovation outcomes that should be at the core of your innovation framework. Learn more about corporate innovation and these capabilities at www.Gr8BigIdeas.com.

Capturing Breakthrough Ideas - Are you ready to anticipate your industry's next move, find new business models, build a story to sell internally, or identify a competitive advantaged position ahead of your competitors? Done well, facilitated invention capture workshops are a great way to explore opportunity areas that are important to a business.finding-breakthrough

Bootstrap Patenting - Your business needs a patent strategy. Protecting ideas before sharing or scouting in the tech community maintains your ownership rights. An in-house program is flexible and can be designed right into your innovation processes. Bringing the creation of patent applications closer to your technical team gets them involved in the process which in turn makes better quality patent applications. Shorten the distance between conceiving and protecting a breakthrough idea. Patent more, pay less, break the by-the-hour law model.

Open Innovation Tech Scouting - Scouting and Innovation outposting are open innovation strategies that put (low cost) tech talent interns to work on your innovation challenges. Use them to establish a global tech-scouting presence in startup-rich tech communities and at top-tier institutes.

Co-Creating Accelerators - Different from other accelerator models, co-creating accelerators organize a company and at least one of their partners, customers, or clients into a cohort to co-create together around a strategic focus area by articulating business needs that are converted into innovation challenges and scouted using an open innovation network seeking knowledge, talent, and solutions.How Micro Acceleration Works

Product Development - Organizes entrepreneurial talent from the technical community to build, deploy, and as needed operate the solutions. In sourcing talent from the technical community, such activities can be organized to support a company’s women, inclusive, or other entrepreneurship initiatives.


About Gr8BigIdeas.com | Engaging with organizations to identify and commercialize breakthrough innovation opportunities, we analyze business challenges, identify competitive advantaged opportunities, patent protect ideas, architect innovative solutions, and organize entrepreneurial talent from the technical community to build, deploy, and as needed operate the solution. www.Gr8BigIdeas.com