HOW TO DETERMINE WEALTH OF A NATION?100 years backWealth of the Country and individual possesses – tangiblesTodayPrimary focus of property is now shifted from tangibles to intangiblesIntangibles** Certain things we can't seeImportant driver of service and product more valuable than anythingMore than USD 57 trillion in 2018
IP AND BUSINESS OBJECTIVESWhy IP is important for business?
IP EARNINGS•Example: Ring-pull cans. The inventor licensed the system to Coca-Cola at 1/10 of a penny per can. During the period of validity of the patent the inventor obtained GBP 148,000 pounds a day on royalties. Source: Prof. Gaurav Sharma 2012 &m/cb/16/ef/e6595f3529ce87/US3349949.pdf
IS ‘IP’ A NEW CONCEPT? The earliest known English patent for invention was granted by Henry VI to John of Utynam in 1449. The patent gave John a 20-year monopoly for a method of making stained glass, required for the windows of Eton College.
MYTH OR REALITY? Folklore- Shah Jahan chopped off the hands of his craftsmen. Is this cruel way to protect his IP?! Source:
IP-ALL AROUND USEvery product or service- in our daily livesResult of long chain of innovationsElectric Lights- Patent by EdisonBall Point Pen- Ladislao BiroPlastic-BaekelandMicroprocessors- IntelPhone
SIGNIFICANCE OF INTELLECTUAL PROPERTY Source: Prof. Gaurav Sharma, 2013
SUCCESS OF SMARTPHONE INDUSTRYBased on their intangibles US is the biggest destination for smartphone patent filings Upto 35% all patents filed worldwide since 1990Related to smartphonesDesigns, Trade Mark and Copyright
HOW IP REVOLUTION BEGAN IN US?Early 1990s IBM struggling and lost up to $15 billionVast patent portfolioIt began licensing its IP assets for royalty Which helps in reviving from financial crisisOther companiesXerox, Dell, Dow Chemicals etc.IP management now becomes core competence
IP AND BUSINESSDoes registration mandatory to protect IP?How does IP affect your Business?Shield and SwordKodak v Polaroid Case Fonar Corpn v GE Company