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• W1557381109 abstract "Part of the process of evaluating a new technology and attempting to determine its potential for success involves asking the right questions of the inventor or principal investigator. For many years, I have used the questions presented here with independent, corporate and federal laboratory inventors. Being a scientist, engineer or researcher rarely gives an inventor the ability and experience necessary to envision fully the market and licensing potential. When asked, they will often respond, There is no competition! As we know, this is rarely the case. Inventions and technologies are most always improvements upon something that already exists. My almost 50 years of looking at and evaluating inventions, plus creating new companies around them, has provided me with enough examples to know that the following questions do work: 1. How can the invention/technology be described in the words of a layman? 2. Is the invention/technology a total system, or a component of a system? 3. Is the invention/technology a state-of-the-art breakthrough or a variation on existing technology? 4. How, where, when, and by whom is the end-product expected to be used? 5. Why is the invention/technology needed? 6. What is the status of the invention/technology? Example: concept, design/engineering, prototype working model, test market sample, in commercial use, etc.? 7. If the invention/technology is in the prototype or working model stage, can it be seen or demonstrated? 8. What written information (including sketches, drawings, flow sheets, notebook papers, etc.) is available to provide a better understanding of the concept and performance of the invention/technology? 9. Which, if any, of this pertinent information, could be shown to potential customers for the invention/ technology? 10. Has a patent application been filed, or a patent issued? If so, is a copy of the patent or application available for review? 11. In the event that an application has not been filed, has a patent search been conducted to determine which competitive technologies may already exist? If a patent is filed, but not granted, what is the policy on protecting the intellectual property rights? 12. Have any personnel published any articles or presented any papers to any technical societies that describe the invention/technology? If so, are copies available, and how does this pertain to the intellectual property rights, because of the limited filing time after public exposure? 13. Has research been conducted to provide lists of articles or books published by others on this invention/ technology? When and where? 14. What is the history of the technical, economic and/or market analysis work done on this invention/ technology? 15. What has been the internal justification for the work done to date? Is a copy of any justification available for review? 16. What additional technical research, design, engineering, modeling, etc., needs to be done before the invention/technology can be considered technically and economically feasible? Have any time and cost estimates been made for these future activities? 17. Is the primary objective for this invention/ technology: * To find funding for father internal research? * To enter a joint-research effort or strategic alliance? * To license the invention/technology to one or more firms already in the business or interested in entering the business? * To create a new business venture to exploit the invention/technology? 18. Is this considered a Priority Technology and why? 19. What specific questions would qualified parties like to have answered and in what order of priority? 20. Is there a primary contact for further information? * Are there other people at the facility, or possibly elsewhere, who can be contacted regarding information on this invention/technology? …" @default.
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• W1557381109 date "2001-03-01" @default.
• W1557381109 modified "2023-09-23" @default.
• W1557381109 title "Ask All the Right Questions" @default.
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