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Management Strategies Hopes Creek Consulting
Management Strategies Management StrategyProtect Wait to Protect Market Actively Market PassivelyOther 1XX 2XX 3XX 4X 5X
Strategy 1 – Protect & Market Formulate Statutory Protection Strategy Formulate Marketing Strategy Exclusive License Write Abstract Identify Target Companies Call to Identify Target Individual Negotiate License Royalties Nonexclusive License Write Abstract Create Company Mailing List Create Press Releases Sign Up Licensees Fees Startup Business Plan Build Management Team Secure Financing Negotiate License Equity Liquidation Direct Patenting Process
Strategy 2 – Market Trial Do NOT Formulate Statutory Protection Strategy Formulate Test Marketing Strategy Write Abstract Identify Target Companies Call to Identify Target Individual Get Feedback Move to Strategy 1 Protect & Market or 5 Close/Release
Strategy 3 – On Record Secure Witnessing Signature For Recording Inventorship Place on Hold Follow-Up with Innovator At a Later Date Re-Evaluate Market Passively
Strategy 4 – Special Handling Determine Needs Identify Biological Material Enter MTA Review Funding Agreements Perfect License Terms Author Plant Variety Protection Formulate Licensing Strategy Determine Research Funding Incentive File Patent Applications More…
Strategy 5 – Release/Close Determine Closing Strategy Seek Approval from Deans, Department Heads and Notify Innovators Negotiate Release Agreement Portion of Royalties Close File
Management Strategies Management StrategyProtect Wait to Protect Market Actively Market PassivelyOther 1XX 2XX 3XX 4X 5X You may balance your work load by shifting projects
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