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  • last updated : 07 September, 2022

Use AI to nurture your seed Ideas to patents

Category: Blog
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Universities prioritize research over IP and commercialization. Researchers in a university are more comfortable publishing research papers as they are already an established way of giving more visibility to researchers among the academic fraternity. Also, it is more academically rewarding to have a paper and contribute to the increasing knowledge of humanity. Most researchers are in a hurry to file research publications as they believe in the “publish or perish” culture. Researchers would choose to publish a paper as it is much quicker to publish and a lot simpler to write. Further, in India, for academics, the university/college management has fixed “Journal Publication” as a yearly target.

However, the research publication doesn’t give you any monetary benefits or ownership rights on your research. In fact, it makes the research publicly available to use, with no right to stop anyone from using the research.

But when it comes to patents, they are more valuable as they confer ownership rights. One can further license or commercialize their patents to companies to gain monetary benefits. Patents are like virtual property that can give you benefits when there is a transfer of certain rights.

Furthermore, patents, by their definition, are granted to novel, non-obvious, and useful ideas. Due to this rat race, we might see Indian universities start filing patent applications in bulk. There is a possibility that most of them won’t be approved and will have no commercial value because of the poor quality and ineffective evaluation.

Performing the necessary Investigation

Researchers who are interested in converting their present research into valuable patents should perform their research to find out what has already been done commercially and whether there are any comparable patents available before investing resources on the patenting process. Additionally, they should learn how to spot potential competitors and examine papers and surveys to understand the key issues and needs of the market. They should perform prior art search by searching patent databases, keep track of news from potential competitors, and consider how scalable their idea is.

For them to be able to do this, having access to accurate information is essential. Researchers can more easily adapt to (and succeed in) university technology commercialization if they are provided access to the same patent data as the legal and business teams later in the innovation process. This will allow them to make well-informed decisions before advancing to the next stage.

AI (Artificial Intelligence) and IP (Intellectual Property) Commercialization

AI (Artificial Intelligence) tools have now become a necessity to boost university IP commercialization. With the assistance of AI technology, everyone in universities will be able to understand how their ideas differ from the millions of patents and research publications in the space and to effectively advance the best ideas in the patenting process. This will not only effectively manage the internal resources and reduce external dependency, but it will also develop a patenting mindset and culture in the universities and certainly help create “valuable IP”.

Many academic institutions, top universities, and visionary universities have adopted XLSCOUT Novelty Checker, which provides an easy-to-use platform. Here, one can enter their ideas and have those ideas compared and evaluated against millions of patents and research publications instantly. It assists in conducting a novelty search to help you ensure that your innovation is unique. Additionally, it also generates a professional, automated novelty search report which can be presented to the internal intellectual property department or hired attorneys in order to take ideas forward for the patenting process.

Where Novelty Checker helps:

  • Students /Professors can themselves assess the patentability of their ideas
  • Triggers for Innovation – Generate New Ideas
  • Automated Patentability Search Report – Indicator of your idea’s uniqueness
  • Research alignment to the industry and market requirements
  • Patenting culture and democratization of innovation

In case you have any queries on this, feel free to contact us. We can also let you know how top universities are democratizing Innovation and promoting patent culture.

To know more, get in touch with us. ( Fix a meeting )

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