IAC’s second quarter IP Grant Program for Members is closed and final recipients will be notified in the weeks ahead. Stay tuned for the opening of the third quarter application period.
This month’s IP Matters features details for the next Innovator Series later this month, as well as two Member exclusive networking sessions. IAC is also taking part in a roundtable with the Ontario Research and Commercialization Alliance.
The June instalment of the Innovator Series onIP Layering: Patents and Trade Secrets will feature IAC co-founders Peter Cowan and Jim Hinton with Cynthia Shippam-Brett (National Research Council of Canada Industrial Research Assistance Program) in conversation about these two important types of IP protection and how to contextualise them within your business strategy.
Attendees will learn key considerations of layering patents and trade secrets and the overall benefits of a nuanced approach to setting and implementing an IP strategy. Panelists will showcase some lessons learned from their many years of experience as experts in the field, and answer audience questions to provide attendees with a road map to start considering a layered IP strategy of their own.
“The acquisition thesis here is really very simple. MGM has a vast, deep catalog of much beloved intellectual property. And with the talent at Amazon and the talent at MGM Studio, we can reimagine and develop that IP for the 21st century. It will be a lot of fun work and people who love stories will be the big beneficiaries.”
A jury awarded Zest $60 million for trade secret misappropriation in a Friday verdict in the U.S. District Court for the Eastern District of Arkansas, and an additional $50 million because the misappropriation was “willful and malicious.” The jury also awarded Zest $5 million for Walmart’s breach of a non-disclosure agreement.
Zest CEO Peter Mehring said he was “grateful that the jury understood and acknowledged the evidence that supported Zest’s claims,” and that the verdict “underscores the strength of our intellectual property.”
By: Jeremiah Chan, Jonathan Liu, Nigel Swycher, Steve Harris
Companies have consistently failed to apply ROI to one of their most significant corporate assets – patent portfolios. While organisations that monetise their patents often have patent departments with their own profit and loss statements, few are in the business of generating revenue from patent licensing or litigation campaigns. Industry surveys show that companies spend more than $40 billion annually on growing and maintaining their patent portfolios without applying any type of ROI analysis.
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IAC is proud to be working with the support of the Federal Government on opening up opportunities for data-driven cleantech companies through our National IP programs.