Two different mechanisms of intellectual property protection

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Reference no: EM132104717

As two different mechanisms of intellectual property (IP) protection, an essential difference between a patent and a copyright is as follows:

A patent lasts only for twenty years but a copyright lasts forever.

A patent only applies to a product and a copyright to a process.

A patent could also be enforceable on a written work, provided the inventor chose to file an application to that effect.

Unlike acquiring a patent, obtaining a copyright does not require any application or registration.

Compared to invention, innovation primarily focuses on adopting, and with the following three major tasks (works):

Offering, adopting, and sustaining.

Skunkworks, commercialization, and market penetration.

Visioning, developing, and delivery.

Lead user involvement, prototyping, and branding.

Design options for corporate venturing include all of the following, except:

Direct integration with existing businesses.

Divestment and spin-off.

Sharing competitive intelligence with competitors.

A separate corporate venturing unit, department, or division.

Reference no: EM132104717

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