This document provides an overview of intellectual property (IP) and strategies for protecting and leveraging IP. It discusses common misconceptions about IP, different types of IP including patents, copyrights, trademarks and trade secrets. It also outlines considerations for identifying owned IP, platforms for fundraising like Kickstarter and Indiegogo, building an online presence, crafting an effective pitch, and learning from campaign successes and failures. The goal is to educate about IP and crowdfunding strategies.
Click here to agree managing intellectual property when crowdsourcing solutionsIan McCarthy
Tapping into the creativity of a crowd can provide a highly efficient and effective means of acquiring ideas, work, and content to solve problems. But crowdsourcing solutions can also come with risks, including the legal risks associated with intellectual property. Therefore, we raise and address a two-part question: Why -- and how -- should organizations deal with intellectual property issues when engaging in the crowdsourcing of solutions? The answers lie in understanding the approaches for acquiring sufficient intellectual property from a crowd and limiting the risks of using that intellectual property. Herein, we discuss the hazards of not considering these legal issues and explain how managers can use appropriate terms and conditions to balance and mitigate the risks associated with soliciting solutions from a crowd. Based on differences in how organizations acquire intellectual property and limit associated risks, we identify and illustrate with examples four approaches for managing intellectual property (passive, possessive, persuasive, and prudent) when crowdsourcing solutions. We conclude with recommendations for how organizations should use and tailor the approaches in our framework to source intellectual property from a crowd.
AZBIA & Traklight present "New Year, New Business" Open HouseTraklight.com
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5 presenters shared on their legal expertise in the area of intellectual property. Patents, protection, copyrights, business formation, contracts and identification of intellectual property permeated throughout the presenter's discussions.
Russ Yelton (President and CEO of NACET) & Joann McMaster (President of AZBIA)
Mary Juetten (Founder and CEO of Traklight
Juliet Peters (Founding Partner of Becker Peters, PLLC)
Ron Kisicki (registered Patent Attorney and Partner with Woods Oviatt Gilman, LLP)
Ruth Carter (Owner and Attorney of Carter Law Firm, PLLC)
Intellectual Property 101: How to Leverage Intangible Value for Your ClientsTraklight.com
Small and medium businesses all have valuable intangibles and intellectual property. Learn about the four types of IP and how to identify, protect, and manage your client's IP to minimize risk and maximize value.
SMEs (small and medium-sized enterprises) invest most of their resources in R&D to produce new technologies. They take higher risks than larger companies, who in contrast focus their R&D efforts on incremental innovations.
Yet, SMEs mostly fail to protect the value they create with patents. When they do, these patents have in general very poor quality and do not adequately protect their core markets. Lastly, SMEs are underserved in terms of legal representation and understandably so: outside law firms tend to find it difficult to work with SMEs, let alone getting paid for their services.
There is a mismatch between the patent value creation potential of SMEs on one hand, and what they actually produce.
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A common misconception about entrepreneurs is that they are wild risk takers.
In actuality, the most successful entrepreneurs are experts at calculating and minimizing risk wherever possible.
Minimizing risk isn't just about protecting your company -- it's about increasing your value and improving your attractiveness to investors.
In this presentation, Mary Juetten, from Traklight (www.traklight.com) and EGFS (www.earlygrowthfinancialservices.com) provide an in-depth look at the greatest risks threatening your company, and how to best manage these risks.
Topics covered include:
- Choosing the best business entity for your company
- What patents really are -- and aren't
- Best practices for co-founder agreements
- Employees v. Contractors - what you need to know
- Risks of crowdfunding
- Avoiding litigation
- And more!
The presentation provides some background information about intellectual property as related to businesses and how the intellectual property can be used as a security interest or collateral for obtaining financing for businesses.
IP 101: Why Care about Intellectual Property: SCORE WebinarTraklight.com
You have a great idea and turned it into a business, but if that intellectual property (IP) isn’t a part of your business strategy, you’re not only putting your ideas at risk, you’re also risking investment opportunities.
In this SCORE LIVE webinar, Mary Juetten, a JD and CPA, and the founder of Traklight.com, will break down what "intellectual property" is and why businesses must safeguard it.
Startups need to care about their IP from the beginning! Not just for tech startups—100% of businesses have IP.
Shed your misconceptions about IP, and start understanding what it is and how it relates to you and the value of your startup.
Don’t risk the success of your business to ignorance. Educate yourself, and thrive!
Learn how putting your ideas and IP to work for you now will save you time and money in the long run.
As part of the Kanzatec Creative Venturing Series, we held Part 3 - Creative Funding in Silicon Valley
Did you know that there are many creative ways to fund your company that don't need Venture
Capital or Angel Investments. Join us to learn what other sources are available to you and how to
take advantages of these resources, such as government loans, leveraging your intellectual property and crowdsourcing.
The Traklight Journey around fundraising and intellectual property (IP). Overview of some of the AZ programs for fundraising journey and Traklight's obsession with IP education, identification and protection for all small and medium sized businesses.
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Click here to agree managing intellectual property when crowdsourcing solutionsIan McCarthy
Tapping into the creativity of a crowd can provide a highly efficient and effective means of acquiring ideas, work, and content to solve problems. But crowdsourcing solutions can also come with risks, including the legal risks associated with intellectual property. Therefore, we raise and address a two-part question: Why -- and how -- should organizations deal with intellectual property issues when engaging in the crowdsourcing of solutions? The answers lie in understanding the approaches for acquiring sufficient intellectual property from a crowd and limiting the risks of using that intellectual property. Herein, we discuss the hazards of not considering these legal issues and explain how managers can use appropriate terms and conditions to balance and mitigate the risks associated with soliciting solutions from a crowd. Based on differences in how organizations acquire intellectual property and limit associated risks, we identify and illustrate with examples four approaches for managing intellectual property (passive, possessive, persuasive, and prudent) when crowdsourcing solutions. We conclude with recommendations for how organizations should use and tailor the approaches in our framework to source intellectual property from a crowd.
AZBIA & Traklight present "New Year, New Business" Open HouseTraklight.com
Traklight organized the New Year New Business event open house with CEI and AZBIA.
5 presenters shared on their legal expertise in the area of intellectual property. Patents, protection, copyrights, business formation, contracts and identification of intellectual property permeated throughout the presenter's discussions.
Russ Yelton (President and CEO of NACET) & Joann McMaster (President of AZBIA)
Mary Juetten (Founder and CEO of Traklight
Juliet Peters (Founding Partner of Becker Peters, PLLC)
Ron Kisicki (registered Patent Attorney and Partner with Woods Oviatt Gilman, LLP)
Ruth Carter (Owner and Attorney of Carter Law Firm, PLLC)
Intellectual Property 101: How to Leverage Intangible Value for Your ClientsTraklight.com
Small and medium businesses all have valuable intangibles and intellectual property. Learn about the four types of IP and how to identify, protect, and manage your client's IP to minimize risk and maximize value.
SMEs (small and medium-sized enterprises) invest most of their resources in R&D to produce new technologies. They take higher risks than larger companies, who in contrast focus their R&D efforts on incremental innovations.
Yet, SMEs mostly fail to protect the value they create with patents. When they do, these patents have in general very poor quality and do not adequately protect their core markets. Lastly, SMEs are underserved in terms of legal representation and understandably so: outside law firms tend to find it difficult to work with SMEs, let alone getting paid for their services.
There is a mismatch between the patent value creation potential of SMEs on one hand, and what they actually produce.
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At any stage of business there are an overwhelming number of tasks facing owners and leaders - we review the top ten and provide practical strategies for risk management. Your assets are your value - identify and protect those assets to ensure your success.
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A common misconception about entrepreneurs is that they are wild risk takers.
In actuality, the most successful entrepreneurs are experts at calculating and minimizing risk wherever possible.
Minimizing risk isn't just about protecting your company -- it's about increasing your value and improving your attractiveness to investors.
In this presentation, Mary Juetten, from Traklight (www.traklight.com) and EGFS (www.earlygrowthfinancialservices.com) provide an in-depth look at the greatest risks threatening your company, and how to best manage these risks.
Topics covered include:
- Choosing the best business entity for your company
- What patents really are -- and aren't
- Best practices for co-founder agreements
- Employees v. Contractors - what you need to know
- Risks of crowdfunding
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You have a great idea and turned it into a business, but if that intellectual property (IP) isn’t a part of your business strategy, you’re not only putting your ideas at risk, you’re also risking investment opportunities.
In this SCORE LIVE webinar, Mary Juetten, a JD and CPA, and the founder of Traklight.com, will break down what "intellectual property" is and why businesses must safeguard it.
Startups need to care about their IP from the beginning! Not just for tech startups—100% of businesses have IP.
Shed your misconceptions about IP, and start understanding what it is and how it relates to you and the value of your startup.
Don’t risk the success of your business to ignorance. Educate yourself, and thrive!
Learn how putting your ideas and IP to work for you now will save you time and money in the long run.
As part of the Kanzatec Creative Venturing Series, we held Part 3 - Creative Funding in Silicon Valley
Did you know that there are many creative ways to fund your company that don't need Venture
Capital or Angel Investments. Join us to learn what other sources are available to you and how to
take advantages of these resources, such as government loans, leveraging your intellectual property and crowdsourcing.
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Imagine Prep Crowdfunding and Innovation presentation
1. Disclaimer: This presentation is intended to be general information. Nothing in the presentation constitutes legal advice. Please consult with
an attorney before making any intellectual property protection decisions.
15. Who: IP Ownership
Challenges
• Multiple inventors
• Who are you? Employee of another
company
• Proper assignment of IP rights —
personal vs company
• Assume that ownership extends
outside the US
16. Strategies to Protect IP
Hire a Professional:
- Attorney, Consultant,
- LegalZoom, Rocketlawyer
Do It Yourself:
- USPTO.gov
- copyright.gov
Secrets:
- Notary
- IP Vault
- Copyright software
17. Pick a Platform
Rewards Based:
Kickstarter, Indiegogo
→ How it works online!
38. What They Do: DNA on a Shirt
Genetic Art
- T shirts
- Portraits
Channels
- Obsessed pet owner
- Animal organizations
39. What They Do: G3Box
Convert steel shipping containers into medical clinics
- cooling/heating installed
- most of medical equipment needs/electric and sink
- durable
- quickly installed
57. CF Data: State Activity
Source: thecrowdfundingcentre.com, Mapping the State of the Crowdfunding Nation Jul-Sept 2014 Report
58. CF Data: Popular Markets
Source: thecrowdfundingcentre.com, Mapping the State of the Crowdfunding Nation Jul-Sept 2014 Report
59. Questions?
www.traklight.com
Take our Free Risk Quiz
Mary Juetten
mejuetten@traklight.com
@traklight
@maryjuetten
Slides available on slideshare.net/Traklight
Editor's Notes
Screenshots of different people’s campaigns with examples of creative perks (t shirts, pre-orders, etc) . Kickstarter’s, IG’s logos. Rocket Hub, Rocket Ventures, Micro-ventures, Prosper Lending, Georgia CF (Business Intra-State Crowdfunding). Take screen caps of those platforms.
Screenshots of different people’s campaigns with examples of creative perks (t shirts, pre-orders, etc) . Kickstarter’s, IG’s logos. Rocket Hub, Rocket Ventures, Micro-ventures, Prosper Lending, Georgia CF (Business Intra-State Crowdfunding). Take screen caps of those platforms.
Screenshots of different people’s campaigns with examples of creative perks (t shirts, pre-orders, etc) . Kickstarter’s, IG’s logos. Rocket Hub, Rocket Ventures, Micro-ventures, Prosper Lending, Georgia CF (Business Intra-State Crowdfunding). Take screen caps of those platforms.
Screenshots of different people’s campaigns with examples of creative perks (t shirts, pre-orders, etc) . Kickstarter’s, IG’s logos. Rocket Hub, Rocket Ventures, Micro-ventures, Prosper Lending, Georgia CF (Business Intra-State Crowdfunding). Take screen caps of those platforms.
Screenshots of different people’s campaigns with examples of creative perks (t shirts, pre-orders, etc) . Kickstarter’s, IG’s logos. Rocket Hub, Rocket Ventures, Micro-ventures, Prosper Lending, Georgia CF (Business Intra-State Crowdfunding). Take screen caps of those platforms.
Screenshots of different people’s campaigns with examples of creative perks (t shirts, pre-orders, etc) . Kickstarter’s, IG’s logos. Rocket Hub, Rocket Ventures, Micro-ventures, Prosper Lending, Georgia CF (Business Intra-State Crowdfunding). Take screen caps of those platforms.
Screenshots of different people’s campaigns with examples of creative perks (t shirts, pre-orders, etc) . Kickstarter’s, IG’s logos. Rocket Hub, Rocket Ventures, Micro-ventures, Prosper Lending, Georgia CF (Business Intra-State Crowdfunding). Take screen caps of those platforms.
Screenshots of different people’s campaigns with examples of creative perks (t shirts, pre-orders, etc) . Kickstarter’s, IG’s logos. Rocket Hub, Rocket Ventures, Micro-ventures, Prosper Lending, Georgia CF (Business Intra-State Crowdfunding). Take screen caps of those platforms.
Screenshots of different people’s campaigns with examples of creative perks (t shirts, pre-orders, etc) . Kickstarter’s, IG’s logos. Rocket Hub, Rocket Ventures, Micro-ventures, Prosper Lending, Georgia CF (Business Intra-State Crowdfunding). Take screen caps of those platforms.
Screenshot of a project. Find the “Coolest” (trademark) project.
Kickstarter = all or nothing, Indiegogo = percent based on type, Be realistic = have realistic goals, and have realistic rewards. (From this year) Watch webinar by Brett from Indiegogo. On his slides, he talks about perks that people have offered that are hard to fulfill. Ex: autographed pictures. Custom thank you videos. Cap these “difficult” perks at X instead of leaving it open-ended/unlimited. (???Check out the LES slide reference???) Find other images similar to Brett’s but don’t copy.
Kickstarter = all or nothing, Indiegogo = percent based on type, Be realistic = have realistic goals, and have realistic rewards. (From this year) Watch webinar by Brett from Indiegogo. On his slides, he talks about perks that people have offered that are hard to fulfill. Ex: autographed pictures. Custom thank you videos. Cap these “difficult” perks at X instead of leaving it open-ended/unlimited. (???Check out the LES slide reference???) Find other images similar to Brett’s but don’t copy.
Kickstarter = all or nothing, Indiegogo = percent based on type, Be realistic = have realistic goals, and have realistic rewards. (From this year) Watch webinar by Brett from Indiegogo. On his slides, he talks about perks that people have offered that are hard to fulfill. Ex: autographed pictures. Custom thank you videos. Cap these “difficult” perks at X instead of leaving it open-ended/unlimited. (???Check out the LES slide reference???) Find other images similar to Brett’s but don’t copy.
Kickstarter = all or nothing, Indiegogo = percent based on type, Be realistic = have realistic goals, and have realistic rewards. (From this year) Watch webinar by Brett from Indiegogo. On his slides, he talks about perks that people have offered that are hard to fulfill. Ex: autographed pictures. Custom thank you videos. Cap these “difficult” perks at X instead of leaving it open-ended/unlimited. (???Check out the LES slide reference???) Find other images similar to Brett’s but don’t copy.
Kickstarter = all or nothing, Indiegogo = percent based on type, Be realistic = have realistic goals, and have realistic rewards. (From this year) Watch webinar by Brett from Indiegogo. On his slides, he talks about perks that people have offered that are hard to fulfill. Ex: autographed pictures. Custom thank you videos. Cap these “difficult” perks at X instead of leaving it open-ended/unlimited. (???Check out the LES slide reference???) Find other images similar to Brett’s but don’t copy.
Just campaigns. DNA shirt doesn’t get to goal. G3box meets their goal. Lessons learned on a slide
Just campaigns. DNA shirt doesn’t get to goal. G3box meets their goal. Lessons learned on a slide