The Economics of Innovation - Why So Few Ideas Become Realized
WHEN
September 11 / 12:00 PM - 1:30 PM EDT
09/11/18 12:00 PM
09/11/18 1:30 PM
America/New_York
The Economics of Innovation - Why So Few Ideas Become Realized
United States
Innovation is the primary driver in each of the sectors that impact our lives – the economy, health, energy and security. The problem is that today, roughly 4 percent more IP is stolen than gets licensed; this theft amounts to $1 trillion p.a. in the U.S. alone. Meanwhile, 30 percent of all R&D is wasted reinventing what someone else has already discovered.
While there is very little management of IP (less than 5 percent of organizations use any kind of IP management tool), there is even less agreement on the best practices for managing IP. In this session, we’ll discuss best practices - gleaned from several hundred professionals in the field - and how performance improvements can be made in universities.
Attendees Will Learn How To...
- Assess the performance of intellectual assets in the economy
- Describe challenges that make intellectual assets difficult to manage and commercialize
- Understand practices that technology transfer professionals use to remove friction on innovation