Why do the large companies often miss the really revolutionary patents?
The first reason is that the invention will probably be evaluated by good scientists who may have limited influence with the major decision-makers. This is often due to several levels of NIH (Not Invented Here) between evaluators and CEO. The second reason is that the inventor does not give enough information to fully evaluate the concept, nor does he or she adequately explain why the patent can produce income within one or two years. The third reason is that it often in a companys best interest to not have the patent issued at all. In the present case, the US patent will certainly issue, and the inventor already shares in US patent royalties with the University. This shifts the question to the foreign rights, which are on-balance probably several times more important than the US patents in this modern age. The greater cost and different legal restrictions of foreign patents compromises the process still further. The fourth reason relates to the impression that quantum devices have not
Related Questions
- Accounts Receivable - The department of a large company whose function is to send bills to companies that owe money. Theres more to it than that, but who cares?
- Do large companies such as GE and Proctor & Gamble generally acknowledge MBA degrees from online universities?
- Why is BPO a key area of focus for large companies?