1. Now that you have an invention…

2. Who am I  Steven Wille  Office of Technology Management –Protect (patent, copyright, trademark) Illinois intellectual property –License Illinois intellectual property ($ and prestige)

3. Illinois Intellectual Property  Virtually anything invented at University of Illinois is owned by UI  THIS Sr DESIGN CLASS has an exemption from this Rule  If you invent something in this class and want to make money with it, get an ownership opinion in writing from OTM

4. The Product Development Process  Idea  Invention  Product  Market  Profit Patents are important here

5. Why do you want a patent?  Most people think…I have a cool invention, I need a patent  Instead, you should be thinking…I have a cool solution to a real problem, I am going to try to market it, and I may need market protection via a patent.

6. What is a Patent The US government grants an entity a 20 year monopoly to defend it’s IP, as long as it teaches the IP via the patent The government does not defend the patent Defending usually means law suit A US patent costs applicant about $40K to file and prosecute Usual patent granting (denial) time is 3-4 years To be patentable, the invention must be: Novel (never done before) Non-obvious (combining other inventions is obvious) Useful One year to file a US patent application after an enabling public disclosure, otherwise you will lose right to patent In March, 2013, US became “first inventor to file” country, grace period effectively shrinks

7. Example of use of Illinois IP  Diagnostic Photonics is an Illinois start-up based on Optical Coherence Tomography innovations from UI (Boppart and Carney) –IP is used to diagnose breast cancer resection margins DURING surgery

8. Another Example  Deuterium (Lyding and Hess) prolongs the life of semiconductors –This IP is being licensed to makers of memory chips and processors

9. And Another Example  Current Licensee requests termination of License to a portfolio of Illinois’ patents. They say the annual minimum payments are too high.  Licensee websites suggests they are selling products made using these patents.  What does UI-OTM do about this?

10. Last Example  Trademark troll –UI Licensee obtained a trademark (TM type, not ® type) –Licensee gets a cease and desist letter from troll lawyer –Lawyer offers to sell the ® to Licensee

11. Outside UI  Corporate patent budgets steady, foreign component decreasing  Many companies cross license to key competitors  Patents are used to block competitors out, and to stake market claims

12. Back-up

13. Another Example  Dr Scott White and others at UIUC developed technology to “self heal” coatings and composites –This suite of inventions was exclusively licensed to a start-up funded, in part, by IllinoisVENTURES –The new company must develop the inventions into products, then market them and defend them in the marketplace

14. Use of Patents at UI  Prof Nick Holonyak…VCSEL (Vertical Cavity Surface Emitting Laser)with Native Oxide –Enables Opticomm industry to transmit data inexpensively and at high speed. This is the fiber optic network for short haul and long haul –VCSEL invention was published by Prof Holonyak and his group, then many companies made N.O. VCSELS –UI went to 64 companies and offered them licenses –This invention is the largest royalty generator at UIUC –At largest licensee last week…gathering infringer data