Through its services focused on Innovation Management, Inolyst helps technology-oriented companies assess their R&D life-cycle to identify opportunities and vulnerabilities. This approach helps in developing an execution strategy for creating valuable Intellectual Property.

Managing the process of innovation, from idea generation to revenue generation, is a time consuming and abstract process for most companies. At Inolyst, we recognize the need to manage the innovation process in a structured manner. The process of innovation management can be broadly categorized into 4 stages: 

 ->Idea Generation and Evaluation
 ->Assessing Invention for Intellectual Property
 ->Protection and Managment
 ->Revenue Generation


Idea Generation and Evaluation:

The innovation life-cycle begins at the idea generation stage. It is important to capture every idea and to nurture those ideas into a practical innovative concept. Inolyst helps its clients in sifting through various ideas to capture the ones that should be protected.

We use various well-known and proprietary methodologies to facilitate idea generation sessions. One such methodology that we employ is the well-known TRIZ process. To know more about TRIZ, click here (provide link).

Robust processes and tools allow us to capture all the ideas generated in an organization. We then evaluate the ideas in partnership with the client and pick those ideas that should be protected. These ideas are then taken to the next stage in innovation management, while those that fall off the radar, can be retained for future evaluation.

Assessing Invention for Intellctual Porperty potential:

Inventions can be of various types and can have varied potential. It is important to evaluate the newness or novelty of the invention and to assess its potential for revenue generation and ease of implementation. Some inventions have potentially wider industry applicability while others solve a problem at the department level.

TRIZ researchers categorize inventions into 5 levels as per their application potential:

 

Protection and Management:

While it is necessary to identify valuable intellectual property for adequate protection, the manner in which each invention is handled for protection is also important. A badly drafted patent application can become more of a liability than an asset, because of the public disclosure of the contents of the patent. At the same time, a well drafted patent application can create varied sources of revenue in addition to providing a fence around the invention. At Inolyst, we believe in engaging the inventor as well as the legal personnel and business managers wherever necessary to provide the broadest possible coverage to the invention. We manage the prosecution of the patent application to help grant the patent. We further provide all the help necessary to maintain patents and manage the portfolio of patents to add/acquire or remove/divest patents or applications based on the core technology focus of the organization, thereby generating additional revenue.

Revenue Generation:

At Inolyst, an invention that generates revenue or value in some form is provided the utmost care. It is important that an invention in which the company has invested its time and resources yields value to the company. Inventions can generate value from the Intellectual Property that they generate - Inolyst helps companies realize this value from their Intellectual property, through our Intellectual Property Transaction Solutions. To learn more about our solutions geared towards revenue generation, please visit our solution offerings here (provide link).